Tuesday, October 25, 2005

Stock Markets Afternoon News 10/25/2005

Stocks drop as crude oil jumps

Reuters - Stocks extended losses Tuesday as a jump of more than $2 a barrel in crude oil prices ahead of the U.S. Northeast winter and an unexpected drop in consumer confidence dampened investor interest.

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Stocks Slip on Falling Consumer Confidence

Traders Paul Lavezzoli (XPRO) and Brian Platt (BCP) along with others work the Standard & Poor's 500 Futures pit at the Chicago Mercantile Exchange Tuesday morning, Oct. 25, 2005. Chicago Mercantile Exchange Holdings Inc., the country's largest futures exchange, on Tuesday reported third-quarter earnings rose 30 percent to $77.5 million, or $2.22 a share, from $59.4 million, or $1.72 a share, a year earlier. The exchange attributed its strong quarter to 'significant volume growth in our foreign exchange, interest rate and equity products.' (AP Photo/Charles Rex Arbogast)AP - Profit-taking after the previous session's triple-digit gains sent stocks sliding Tuesday, with technology shares and small-caps hit the hardest on disappointing news from Texas Instruments Inc. and a surprising drop in consumer confidence.


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TSX loses momentum, N.Y. lower on higher oil, disappointing consumer data

Canadian Press - TORONTO (CP) - The Toronto stock market fell flat Tuesday afternoon as losses in financial and tech stocks trumped gains in resource stocks - particularly energy issues.

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Goldman E-Mails Show NYSE-Archipelago Deal

AP - A Goldman Sachs Group Inc. employee expressed surprise in a series of e-mails about the investment bank's unusual — some say conflicting — roles in shepherding the New York Stock Exchange's acquisition of Archipelago Holdings Inc.

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Stocks poised for rally despite unease

Reuters - Worries about oil prices, a possible housing bubble and inflation have all conspired to keep the wraps on a U.S. stock market that may finally be showing signs it will reverse course after a sluggish year.

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Monday's Wall Street Glance

AP - Dow Jones Industrials

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Archipelago Earnings Down on NYSE Merger

AP - Archipelago Holdings Inc. said earnings in the latest quarter fell, hurt by the cost of preparing for its merger with the New York Stock Exchange.

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Big Movers in the Stock Market

AP - Stocks that were moving substantially or trading heavily Monday on the New York Stock Exchange and Nasdaq Stock Market.

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Bernanke Nod No Surprise on Wall Street

Ben Bernanke, President Bush's top economic adviser, speaks in the Oval Office at the White House after Bush named him to take over the Federal Reserve from retiring Alan Greenspan, in Washington, Monday, Oct. 24, 2005. It was the third time in as many years the president has turned to the 51-year-old Bernanke for a sensitive post. Bush named him to the Fed board in 2002, then made him chairman of the president's Council of Economic Advisers earlier this year. (AP Photo/J. Scott Applewhite)AP - There's no surprise on Wall Street about Ben Bernanke's nomination as Federal Reserve chairman, since his name had been floated for the job for months. He has a strong academic background, has served on the Fed board, and spent five months heading President Bush's economic team.


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Wall St seen up as welter of earnings due

Reuters - U.S. futures pointed to a firmer start on Wall Street on Monday with investors awaiting results and guidance from a brace of S&P 500 companies, including American Express and Texas Instruments .

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