Thursday, October 13, 2005

Stock Markets Afternoon News 10/13/2005

Blue-chips dip, but Apple lifts Nasdaq

Reuters - U.S. blue-chip stocks slid on Thursday as sliding oil prices pushed down energy companies' shares like Exxon Mobil Corp., while the Nasdaq Composite Index got a boost from gains in Apple Computer Inc.

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TSX tumbles as resource stocks give up ground, C$ falls on trade data, NY up

Canadian Press - TORONTO (CP) - The correction on the Toronto stock market carried on Thursday as falling demand for crude reignited selling of energy and other resource stocks.

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Stocks Edge Higher As Oil Prices Fall

US Treasury Secretary John Snow gives a briefing overlooking the trading floor at the Shanghai Stock Exchange. Snow has warned China that reforms to its currency and fledgling capital markets are needed to keep its 'breathtaking' economic expansion sustained.(AFP/Mark Ralston)AP - Stocks struggled to mount a modest rally Thursday as oil prices fell substantially, helping investors try to overcome a sharp jump in import prices that could foreshadow rising inflation.


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Wednesday's Wall Street Glance

AP - Dow Jones Industrials

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Nasdaq slips, Dow gains limited

Reuters - The tech-laden Nasdaq fell on Tuesday to a 3-month low on weakness in semiconductor stocks, while the Dow's gains were limited by concerns about corporate profits and rising crude prices.

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Delphi to Trade Stock on 'Pink Sheets'

AP - Delphi Corp.'s stock and corporate bonds will trade on the over-the-counter electronic bulletin board after the company's shares and debt were suspended from trading Tuesday on the New York Stock Exchange.

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Dollar pushes to session highs after Fed

Reuters - The dollar lumbered up to session highs on Tuesday after release of the minutes of the Federal Reserve's last policy-setting meeting which reinforced market expectations for more interest rate hikes, traders said.

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Wall Street Journal Trims Down in Redesign

AP - The Wall Street Journal is cutting back the size of its newspaper as part of a redesign that will save it $18 million per year, the newspaper's publisher, Dow Jones & Co., said Tuesday.

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NYSE to suspend trading in Delphi

Reuters - The New York Stock Exchange said on Tuesday that trading in Delphi Corp. shares would be suspended immediately.

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Stocks set to open up, techs in focus

Reuters - U.S. stock index futures pointed to a higher opening on Wall Street on Tuesday, paring market declines seen in recent sessions, with earnings a key focus.

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