Wednesday, October 12, 2005

Stock Markets Morning News 10/12/2005

Stocks rise on Pfizer boost; techs fall

Reuters - U.S. blue-chip stocks rose on Wednesday as drug company Pfizer Inc. advanced after winning a key court case, while tech shares fell a day after

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Stocks Mixed As Tech Sector Falls

US Treasury Secretary John Snow gives a briefing overlooking the trading floor at the Shanghai Stock Exchange. Snow opened his tour of China focused on the steps the country has taken to greater currency flexibility since Beijing revalued the yuan and pledged greater forex reform(AFP/Mark Ralston)AP - Troubles in the technology sector kept stocks mixed Wednesday and added to investors' worries about the state of the economy heading into the holiday shopping season.


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Stock markets mixed as oil moves higher, Apple Computer disappoints

Canadian Press - TORONTO (CP) - The Toronto stock market moved up Wednesday morning as higher oil prices helped the energy sector claw back more of last week's losses.

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Nasdaq slips, Dow gains limited

Reuters - The tech-laden Nasdaq fell on Tuesday to a 3-month low on weakness in semiconductor stocks, while the Dow's gains were limited by concerns about corporate profits and rising crude prices.

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Tuesday's Wall Street Glance

AP - Dow Jones Industrials

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Delphi to Trade Stock on 'Pink Sheets'

AP - Delphi Corp.'s stock and corporate bonds will trade on the over-the-counter electronic bulletin board after the company's shares and debt were suspended from trading Tuesday on the New York Stock Exchange.

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Dollar pushes to session highs after Fed

Reuters - The dollar lumbered up to session highs on Tuesday after release of the minutes of the Federal Reserve's last policy-setting meeting which reinforced market expectations for more interest rate hikes, traders said.

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Wall Street Journal Trims Down in Redesign

AP - The Wall Street Journal is cutting back the size of its newspaper as part of a redesign that will save it $18 million per year, the newspaper's publisher, Dow Jones & Co., said Tuesday.

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NYSE to suspend trading in Delphi

Reuters - The New York Stock Exchange said on Tuesday that trading in Delphi Corp. shares would be suspended immediately.

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Stocks set to open up, techs in focus

Reuters - U.S. stock index futures pointed to a higher opening on Wall Street on Tuesday, paring market declines seen in recent sessions, with earnings a key focus.

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