Tuesday, October 18, 2005

Stock Markets Afternoon News 10/18/2005

Stocks slide after Exxon trade, PPI data

Reuters - U.S. stocks fell on Tuesday as a drop in Exxon Mobil Corp. shares weighed on blue chips and a government report of a rise in producer prices last month heightened investor worries about inflation.

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Stock Prices Fall on Inflation Concerns

The Chicago Board of Trade building in Chicago's downtown business district is seen on Tuesday, Oct. 18, 2005.  The CBOT, the oldest U.S. futures and options exchange, will be going public after 157 years when it debuts on the New York Stock Exchange Wednesday morning, Oct. 19. The exchange was founded to do business in corn and soybeans but now predominantly a marketplace for financial futures and options, hopes to raise as much as $147 million from the initial public offering. (AP Photo/Nam Y. HuhAP - A sharp jump in wholesale prices raised inflation fears on Wall Street Tuesday, sending stocks lower despite strong profit reports from a number of Dow Jones industrials. Heavy trading in the energy sector also took a toll on the major indexes.


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Tumbling oil stocks take TSX 150 points lower; NY lower on inflation data

Canadian Press - TORONTO (CP) - The Toronto stock market tumbled over 150 points Tuesday afternoon as the latest downturn in oil prices sparked another selloff in energy stocks and the Bank of Canada gave indications of more interest rate hikes.

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NYSE Members Polled on Archipelago Deal

AP - An anonymous group of New York Stock Exchange members has commissioned a survey that seeks to gauge seatholder interest in alternatives to the exchange's planned acquisition of Archipelago Holdings Inc.

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Wall Street seen up amid earnings flood

Reuters - Earnings from blue chips such as Intel and Johnson & Johnson will drive sentiment on Wall Street on Tuesday, with investors also hoping for soft producer price data to quell their inflation fears.

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Monday's Wall Street Glance

AP - Dow Jones Industrials

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U.S. stocks set to start lower as oil jumps to $64

Reuters - U.S. stock-index futures pointed to a weaker opening on Wall Street on Monday as oil prices rose more than 2 percent to $64 a barrel.

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WSJ Debuts Tabloid Format in Europe, Asia

AP - The Wall Street Journal debuted a smaller, tabloid format for its European and Asian newspapers Monday, saying the changes would make its articles more accessible to readers.

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Asian Wall Street Journal Changes Name

AP - The Asian Wall Street Journal scrapped its broadsheet printing style and tweaked its name Monday as it rolled out a new paper with a smaller tabloid format called "The Wall Street Journal Asia."

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Wall Street Eagerly Awaits Earnings Season

AP - Wall Street is hoping that this week's cascade of corporate earnings reports will help the markets overcome an October scare prompted by increasing concerns that economic growth could skid to a halt.

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