Wednesday, September 14, 2005

Stock Markets Morning News 9/14/2005

Tech stocks slip; oil data eyed

Reuters - U.S. blue chips were little changed on Wednesday before the release of weekly oil inventory data, but Internet stocks helped to push the tech-heavy Nasdaq Composite index lower.

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Stocks Barely Move on Weak Economic Data

In a file photo specialist Greg Zenna, left, directs trades in shares of MBNA on the floor of the New York Stock Exchange, Thursday June 30, 2005. Disappointing earnings from electronics retailer Best Buy Co. Inc. sent stocks lower Tuesday, Sept. 13, 2005, as investors feared a slowdown in consumer spending heading into the holiday season. A rise in oil prices also pressured the market.  (AP Photo/Richard Drew)AP - Stocks barely budged Wednesday as weaker-than-expected economic data and rising oil prices competed with news that the nation's demand for oil and gasoline fell in July.


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Early stock market indicators mixed, crude oil prices higher

Canadian Press - TORONTO (CP) - Global indicators were mixed for North American stock markets early Wednesday while crude oil prices rose.

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Stocks fall on Hurricane-related worries

U.S. stocks fell on Tuesday with the Dow and the S and P 500 index logging their biggest percentage declines in nearly a month amid corporate profit concerns related to the impact of Hurricane Katrina, high oil prices and lackluster consumer spending. (Ralph Orlowski/Reuters)Reuters - U.S. stocks fell on Tuesday with the Dow and the S&P 500 index logging their biggest percentage declines in nearly a month amid corporate profit concerns related to the impact of Hurricane Katrina, high oil prices and lackluster consumer spending.


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Tuesday's Wall Street Glance

AP - Dow Jones Industrials

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BP Unit Innovene Files for NYSE IPO

AP - Innovene, a Chicago-based unit of British oil company BP PLC that makes chemicals for lubricants, paint and fabric, has registered for an initial public offering on the New York Stock Exchange, in line with previously announced plans.

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Wall Street seen lower ahead of PPI data

Reuters - Shares on Wall Street are expected to dip slightly at the open on Tuesday on caution ahead of key U.S. economic data which investors fear may show a rise in inflation and spur further U.S. interest rate rises.

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After the Bell - Ford rises on Hertz deal

Reuters - Shares of Ford Motor Co. rose to $10.02 in extended hours of trading on Monday after it formally announced a deal to sell its Hertz Corp. unit to a group of private equity firms for $5.6 billion..

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Investors Optimistic Despite Oil, Katrina

An oil tanker is docked at a Marathon refinery along the Mississippi River Saturday, Sept. 10, 2005 outside New Orleans. (AP Photo/David J. Phillip)AP - Stock investors are feeling bullish these days, shrugging off so far the effects of $3-per-gallon gasoline and the short-term economic impact of Hurricane Katrina's devastation.


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Dollar steers clear of recent lows

Reuters - The dollar on Friday held more than a cent away from three-months lows against the euro hit after the deadly Hurricane Katrina struck the U.S., as fears about the long-term impact of the disaster waned.

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