Tuesday, September 20, 2005

Stock Markets Morning News 9/20/2005

Stocks rise as Fed decision awaited

Traders finish the day at the New York Stock Exchange in New York on May 19, 2005. (Seth Wenig/Reuters)Reuters - U.S. stocks were higher on Tuesday as crude oil prices eased, while investors awaited this afternoon's interest-rate decision from the Federal Reserve.


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Stocks Climb on Oil Prices, Earnings

Gary Wang, second left, CEO of Hong Kong-based Seaspan Corp., shares a light moment on the New York Stock Exchange bell podium before he rings the opening bell, Tuesday Sept. 20, 2005. Celebrating the comnpany's listing are NYSE CEO John Thain, left; Seaspan Financial Officer Kevin Kennedy, third left; and Todd Wilson, the company's director of relational advisorsAP - A surprise profit from Circuit City Stores Inc. and a drop in oil prices lifted stocks Tuesday, although investors remained preoccupied with the Federal Reserve's pending decision on interest rates.


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Stock market indicators positive before possible rate hike; oil prices ease

Canadian Press - TORONTO (CP) - With oil prices easing ahead of a possible U.S. interest rate hike, global indicators were mostly positive for North American stock markets early Tuesday.

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Dollar dips but holds ranges ahead of Fed

Reuters - The dollar fell on Tuesday but still held fairly near the previous session's seven-week high against the euro as the Federal Reserve was widely expected to raise U.S. rates for an 11th straight time later in the day.

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Monday's Wall Street Glance

AP - Dow Jones Industrials

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New $5B energy trust to be formed by merger of Acclaim Energy and StarPoint

Canadian Press - CALGARY (CP) - StarPoint Energy Trust's short but aggressive life will draw to a close as it announced plans Monday to merge with Acclaim Energy Trust, forming Canada's third-largest conventional oilpatch trust with an enterprise value of more than $5 billion.

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Sirius rises, ViaCell falls before open

Reuters - Shares of Sirius Satellite Radio Inc. rose 0.71 percent before the opening bell on Monday after it raised its 2005 full year revenue forecast, and said it expects strong revenue growth in 2006.

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Wall Street seen lower as oil climbs

Reuters - Shares on Wall Street are expected to open lower as oil prices climbed more than 1 percent as a new storm appeared to be headed for the U.S. Gulf Coast.

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Wall Street Casts Wary Eye on the Fed

AP - Wall Street will be focused this week on the Federal Reserve and whether policymakers will raise interest rates an 11th consecutive time, a move that could cause investors to pull back amid greater uncertainty about economic growth in Hurricane Katrina's aftermath.

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Stock futures point higher

Reuters - U.S. stock futures pointed to a higher market open on Friday as investors awaited a report on consumer confidence for indications of how Hurricane Katrina and surging gasoline prices are affecting the psyche of the American shopper.

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