Tuesday, September 06, 2005

Stock Markets Morning News 9/6/2005

Stocks open higher as crude oil retreats

Reuters - U.S. stocks opened higher on Tuesday, as oil held under $68 a barrel and speculation grew that the economic impact from Hurricane Katrina may prompt a pause in interest-rate hikes.

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Stocks Move Higher As Oil Prices Decline

A motorist passes a gas station Monday, Sept. 5, 2005, in Oakland, Calif.  The New York Mercantile Exchange was closed for the Labor Day holiday. Benchmark light, sweet crude had closed Friday at $67.57 a barrel, down $1.90 after the International Energy Agency on Friday announced its 26 members would release 2 million barrels daily for 30 days to meet shortfalls in world energy markets. (AP Photo/Ben Margot)AP - Stocks opened substantially higher as oil prices slipped and large-cap stocks including Coca-Cola Co. and Home Depot Inc. climbed.


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Less volatile oil prices, corporate upgrades move stock markets higher

Canadian Press - TORONTO (CP) - Stock markets tracked higher in early trading Tuesday as investors got back to work after the Labour Day weekend amid less volatile oil prices and some corporate upgrades.

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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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