Friday, October 07, 2005

Stock Markets Afternoon News 10/7/2005

Stocks rise slightly, Gilead lifts Nasdaq

Reuters - U.S. stocks edged higher on Friday, with gains in Gilead Sciences Inc. tied to avian flu fears helping the Nasdaq and data showing smaller-than-expected job losses aiding the broader market.

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TSX higher as energy stocks, oil stabilize; N.Y. flat on jobs data

Canadian Press - TORONTO (CP) - The Toronto stock market held onto solid gains Friday afternoon after three days of steep declines as energy stocks were snapped up by investors thinking the correction was overdone.

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Stocks See Gains After Employment Data

Brandon Barb reacts while looking at stock information displays during trading activity on the floor of the New York Stock Exchange, Thursday Oct. 6, 2005.  Nervousness about the economy and inflation kept stocks mixed Thursday despite the promise of steady profits from General Electric Co. and September sales reports from major retailers were not as bad as the market feared.  (AP Photo/Bebeto Matthews)AP - Wall Street had a muted advance Friday after a better-than-expected employment report raised hopes about the economy's strength despite the recent hurricanes.


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Stock investors shrug off attack warnings

Reuters - U.S. stock markets on Friday shrugged off a threat against the New York City subway system, providing the latest evidence of how inured equity investors have grown to security menaces.

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Archipelago CEO Comments on NYSE Trading

AP - The New York Stock Exchange and Archipelago Holdings Inc. plan to allow Big Board floor brokers to trade Nasdaq-listed stocks from the NYSE floor on Archipelago's system, Archipelago Chief Executive Jerry Putnam said Friday.

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Dollar spikes up after jobs data

Reuters - The dollar extended gains early on Friday after the number of job losses in the U.S. last month following hurricanes Katrina and Rita were much less than economists had expected.

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NY stocks seen inching up

Reuters - U.S. stock index futures indicate a stronger start on Wall Street on Friday, helping markets limit this week's slide, but trading is likely to be cautious ahead of key non-farm payrolls data.

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Friday's Wall Street Glance

AP - Dow Jones Industrials

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Nikkei dips 0.6 percent

Reuters - Japan's Nikkei share average fell 0.63 percent on Friday, extending its biggest loss in six months a day earlier as investors locked in profits from top gainers, including energy stocks such as Teikoku Oil Co.

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Dollar steadies ahead of US jobs data

Reuters - The dollar steadied on Friday after tumbling against the euro the previous day, though the market hesitated to make any big bets ahead of much-anticipated U.S. payrolls data.

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