Friday, September 02, 2005

Stock Markets Morning News 9/2/2005

Stocks little changed as oil price eases

New York City Police officer and bomb sniffing dog stand guard on Wall Street outside the New York Stock Exchange in New York, July 7, 2005. (Mike Segar/Reuters)Reuters - Stocks were little changed on Friday as the U.S. government took steps to increase the supply of gasoline and amid a growing consensus on Wall Street that the Federal Reserve would pause its pace of interest-rate hikes in the wake of Hurricane Katrina.


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Stocks Edge Higher As Oil Prices Fall

The economic impact of Hurricane Katrina on the oil industry has forced raising prices and long lines to factor into finding the gas stations that have generators and are operating, such as this one in Flowood, Miss., Friday morning, Sept. 2, 2005. (AP Photo/Rogelio Solis)AP - Stocks edged higher Friday despite a mixed jobs reports that showed less-than-expected job growth but unemployment at a four-year low. Investors also felt some relief as oil prices cooled following a quick runup in the wake of Hurricane Katrina.


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Stocks look to higher open on U.S. employment gains, fuel costs ease

A Japanese businessman walks by an electronic stock indicator showing a new four-year high in downtown Tokyo Friday. Tokyo stock prices extended gains from the previous day as optimism about the Japanese economy and continued foreign investor buying lifted shares in the oil, pharmaceutical, real estate and retail sectors. (AP Photo/Katsumi Kasahara)Canadian Press - TORONTO (CP) - Stock markets headed for a positive open as fresh data showed solid job creation in the United States during August while crude oil and gasoline futures dropped slightly. U.S. Labor Department reported that the economy cranked out 169,000 jobs last month, down from the 190,000 that economists had expected.


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Thursday's Wall Street Glance

AP - Dow Jones Industrials

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Dollar holds gains before data

Reuters - The dollar held on to its gains and touched a three-week high versus the yen on Tuesday ahead of key U.S. consumer confidence data that will kick off a busy week of economic releases.

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Nikkei recovers after gains

Reuters - Japan's Nikkei share average rose 0.94 percent on Tuesday, with investors buying exporters such as Toyota Motor Corp. as a weakening of Hurricane Katrina eased pressure on oil prices and helped a recovery in U.S. shares.

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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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Oil's Economic Impact May Be Seen This Week

Engineer Ray Johnson waits as Orange County Fire Engine 21 is filled with diesel fuel at a Mobil station Friday, Aug. 26, 2005, in Tustin, Calif. Oil prices crept up to $67.32 a barrel setting a new high Thursday, Aug. 25, 2005. (AP Photo/Chris Carlson)AP - Wall Street has been battered in recent weeks by high oil prices and mounting evidence that rising energy costs — including record gasoline prices — are starting to curtail consumer spending.


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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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