Tuesday, October 04, 2005

Stock Markets Afternoon News 10/4/2005

Stocks fall on interest-rate concerns

Reuters - U.S. stocks slid on Tuesday after comments about inflation by a Federal Reserve official sparked increased concern about higher-interest rates.

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Dow Off 61 on Low Profits, Higher Prices

Traders work on the floor of the New York Stock Exchange (NYSE). Wall Street shares turned higher, helped by a fall in oil prices and a sharper-than-expected rise in US factory orders in August(AFP/File/Tim Clary)AP - Stocks fell sharply in afternoon trading Tuesday as a number of companies warned of profit shortfalls and higher costs, some of which could be passed on to consumers.


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Stocks extend losses after Fed comments

Reuters - U.S. stocks extended losses on Tuesday after Dallas Federal Reserve Bank President Richard Fisher said the U.S. central bank needed to be vigilant on inflation, triggering worry about a longer cycle of interest-rate hikes.

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Stocks mixed as crude oil drops over $2 US, factory orders rise

Investors discuss over share prices at the lobby of the Tokyo Stock Exchange in Tokyo Tuesday. After more than a decade of decline, Japanese stocks are finally staging a comeback. The Tokyo Stock Exchange's benchmark Nikkei index has shot up 23 percent since May, compared with a flat-lined Wall Street, and hit consecutive four-year highs in recent sessions. (AP/Itsuo Inouye)Canadian Press - TORONTO (CP) - The Toronto stock market headed lower Tuesday afternoon, led by declining energy stocks as oil, gasoline and natural gas prices retreated.


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Dollar keeps gains on rate expectations

Reuters - The dollar stuck close to its strongest level in more than 16 months against the yen and hovered near three-month highs against the euro on Tuesday as investors traded on expectations of higher U.S. interest rates.

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Wall St seen up

Reuters - U.S. futures pointed to a firmer Wall Street start on Tuesday as oil prices eased under $65 a barrel offering some counter-inflationary comfort to a market haunted by an increased likelihood of more interest rate hikes.

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Nikkei on track for 4-year high

Reuters - Tokyo's Nikkei share average gained 0.92 percent and was set to book a new four-year closing high on Tuesday as investors bought high tech firms such as Kyocera Corp. and other exporters following the yen's drop to near a 16-month low against the dollar.

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Monday's Wall Street Glance

AP - Dow Jones Industrials

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Ameriprise Shares Fall in Debut

AP - Shares of Ameriprise Financial Inc. fell in the stock's debut on the New York Stock Exchange on Monday, as the financial-services company embarked on its spinoff from credit-card and travel giant American Express Co.

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Dollar pops up on headline ISM

Reuters - The dollar climbed back toward session and multi-month highs on Monday after a reading of U.S. manufacturing activity in September beat market expectations.

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