Tuesday, September 06, 2005

Stock Markets Afternoon News 9/6/2005

Stocks rise as oil drops

U.S. stocks rose on Tuesday as oil prices fell more than $1, boosting shares of companies sensitive to energy prices, such as discount retailer Wal-Mart Stores Inc., Delta Air Lines Inc. and diversified manufacturer 3M Co. An index of business activity in the services sector that pointed to economic strength also lifted investor sentiment. (Seth Wenig/Reuters)Reuters - U.S. stocks rose on Tuesday as oil prices fell, boosting companies sensitive to energy prices, such as discount retailer Wal-Mart Stores Inc.


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Stocks Surge on Service Sector Growth

Deutsche Boerse chairman of the supervisory board Rolf Breuer is seen during the Deutsche Boerse annual shareholders meeting in Frankfurt, Germany, in this May 25, 2005 file photograph. Stock exchange operator Deutsche Boerse AG said late Tuesday, Sept. 6, 2005 that Kurt Viermetz will replace Rolf Breuer as chairman of the company's supervisory board next month. The current chairman, Rolf Breuer, said earlier this year he would resign from the position after chief executive Werner Seifert resigned in May over his failed attempt to acquire the London Stock Exchange. (AP Photo/Bernd Kammerer,file)AP - Stocks moved sharply higher Tuesday as oil prices tumbled, the service sector reported strong growth, and investors embraced large-cap stocks such as Coca-Cola Co. and Home Depot Inc.


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Lower energy stocks take TSX lower; NY stocks rise on service sector reading, oil

Canadian Press - TORONTO (CP) - The Toronto stock market lost ground Tuesday afternoon as lower energy stocks cancelled out gains from higher mining and tech stocks.

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Dollar strengthens, Fed's move uncertain

Reuters - The dollar rose against major currencies on Tuesday, recovering from three-month lows hit earlier in the week, as oil prices eased and investors speculated about the Federal Reserve's next interest rate move.

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Nikkei turns tail, ends down

Reuters - Tokyo's Nikkei share average fell 0.28 percent on Tuesday as investors cashed in steel makers such as JFE Holdings Inc. following a morning run that had pushed the benchmark above 12,700 for the first time since 2001.

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Katrina's Effect on Markets Is Uncertain

A military helicopter continues the process of dropping 3,000 pound sandbags into the break in the 17th Street drainage canal in Metarie, La., Sunday, Sept. 4, 2005. The wall was damaged when Hurricane Katrina made landfall last Monday. (AP Photo/Steven Senne)AP - In the aftermath of Hurricane Katrina, investors trying to figure out where Wall Street is headed are likely to find it's an impossible task.


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Friday's Wall Street Glance

AP - Dow Jones Industrials

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NYSE member arrested in threat case

The facade of the New York Stock Exchange on Broad Street in Manhattan April 20, 2005, where it was announced that the NYSE plans to merge with Archipelago Holdings Inc. A New York Stock Exchange member has been arrested in connection with a telephone threat to a fellow member about the NYSE's deal to buy electronic trading company Archipelago Holdings Inc., New York police said on Monday. (Mike Segar/Reuters)Reuters - A New York Stock Exchange member has been arrested in connection with a telephone threat to a fellow member about the NYSE's deal to buy electronic trading company Archipelago Holdings Inc. , New York police said on Monday.


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NYSE Member Arrested for Alleged Threat

AP - A member of the New York Stock Exchange was arrested Monday for allegedly threatening another member who sued to oppose the Big Board's takeover of electronic rival Archipelago Holdings Inc.

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Wall Street wants more competition as NYSE, Nasdaq prep mergers

Canadian Press - NEW YORK (AP) - Philadelphia has a stock exchange?

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