Stocks fall after oil drops, Fed comments
Reuters - U.S. stocks slid on Wednesday after crude oil prices dropped sharply and drove energy shares lower, while a Federal Reserve bank president sounded a note of caution about the impact of higher energy costs on the economy, even before Hurricane Katrina.
Dow Off 56 As Economic News Extends Slide
TSX tumbles 171 points as resource stocks retreat, NY down weak data
Canadian Press - TORONTO (CP) - The Toronto stock market tumbled more than 100 points for a second session - the first such back to back decline since early January - as record high natural gas prices sparked a selloff in resource stocks.
NY stocks set for sluggish start
Reuters - U.S. stock index futures pointed to a flat opening on Wall Street on Wednesday, a day after stocks were hit by interest-rate concerns, while trading will also be cautious ahead of services data.
Dollar slips but poised near highs
Reuters - The dollar slipped on Wednesday but held near a three-month high against the euro and a 16-month peak versus against the yen as more Federal Reserve officials made clear U.S. interest rates are heading even higher.
Nikkei hits four-year high, slips back
Reuters - Tokyo's Nikkei stock average hit a new four-year intraday high before finishing the morning session a tad weaker on Wednesday as earnings concerns hit Pioneer Corp. and other technology issues.
Tuesday's Wall Street Glance
AP - Dow Jones Industrials
SEC moves forward on Nasdaq application
Reuters - The Nasdaq Stock Market Inc. on Tuesday moved ahead in its long-standing push to be recognized as an exchange by U.S. market regulators.
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.
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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