Monday, October 10, 2005

Stock Markets Afternoon News 10/10/2005

Stocks extend losses on Delphi news

Reuters - U.S. blue-chip stocks extended losses on Monday as General Motors Corp. said auto parts supplier Delphi Corp.'s bankruptcy filing could cost it as much as $12 billion and as investors braced for a flood of earnings reports.

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Stocks Slip Ahead of Alcoa Earnings

A member of the New York City Police Department's (NYPD) elite Hercules Unit stands guard outside the Broad Street subway stop on Wall Street, 07 October 2005.  New York police commissioner Raymond Kelly defended the decision by local authorities to increase security on the city's subway system, despite skepticism among federal agencies over the seriousness of the threat.(AFP/File/Timothy A. Clary)AP - Stocks fell Monday after Delphi Corp.'s bankruptcy filing and a pair of lowered outlooks cast gloom on Wall Street ahead of Alcoa Inc.'s third-quarter report, expected after the closing bell.


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Stocks set to open up as earnings begin

Reuters - U.S. stock index futures pointed to a higher market open on Monday as investors turned their attention to the start of third-quarter earnings reports and end-of-the-year profit outlooks.

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Inflation Fears May Overshadow Earnings

AP - Oil prices fell substantially last week, yet the stock market dropped to its lowest levels since early July. People who are used to seeing stocks rise as oil prices fall could very well wonder what happened. Richard Fisher happened.

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Dollar solid after jobs rally

Reuters - The U.S. dollar consolidated in early Asian trade on Monday in the aftermath of U.S. jobs data that showed the economy shed far fewer jobs than feared last month, soothing fears about U.S. growth.

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Friday's Wall Street Glance

AP - Dow Jones Industrials

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TSX higher as energy stocks, oil stabilize; N.Y. flat on jobs data

Canadian Press - TORONTO (CP) - The Toronto stock market held onto solid gains Friday afternoon after three days of steep declines as energy stocks were snapped up by investors thinking the correction was overdone.

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Stock investors shrug off attack warnings

Reuters - U.S. stock markets on Friday shrugged off a threat against the New York City subway system, providing the latest evidence of how inured equity investors have grown to security menaces.

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Archipelago CEO Comments on NYSE Trading

AP - The New York Stock Exchange and Archipelago Holdings Inc. plan to allow Big Board floor brokers to trade Nasdaq-listed stocks from the NYSE floor on Archipelago's system, Archipelago Chief Executive Jerry Putnam said Friday.

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Dollar spikes up after jobs data

Reuters - The dollar extended gains early on Friday after the number of job losses in the U.S. last month following hurricanes Katrina and Rita were much less than economists had expected.

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