Thursday, October 20, 2005

Stock Markets Morning News 10/20/2005

Stocks open flat as earnings mixed

Reuters - U.S. stocks opened flat on Thursday after disappointing quarterly results from Pfizer Inc. and Ford Motor Co. and better-than-expected profit from Coca-Cola Co. gave a mixed picture of earnings on a busy reporting day.

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Stocks Edge Lower in Midmorning Trading

Specialist Garet Boehning, left., directs trades at his post on the floor of the New York Stock Exchange, Wednesday Oct. 17, 2005. The market was uneasy after Intel missed Wall Street's profit expectations by a penny per share and, more importantly, warned of slow fourth-quarter sales. (AP Photo/Richard Drew)AP - Falling revenues and a bleak outlook at Pfizer Inc. pressured stocks Thursday, with the major indexes withdrawing slightly one day after posting their first triple-digit gains in more than a month.


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TSX loses ground as energy, financial stocks retreat; NY flat

Canadian Press - TORONTO (CP) - Volatility resumed at the Toronto stock market Thursday as a sizable chunk of the previous day's solid gains evaporated in the wake of a selloff of energy shares on another slide in oil prices.

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Nikkei snaps 6-day sell-off

Reuters - Japan's Nikkei share average rose 0.7 percent on Thursday and was on track to snap a six-day losing streak as gains on Wall Street encouraged investors to pick up Advantest Corp. (6857.T) and other technology stocks.

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Dollar near two-year high vs yen

Reuters - The dollar stayed in sight of a two-year high against the yen on Thursday though the market moved cautiously on concerns that the pricing in of higher U.S. interest rates may have gone too far.

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Wednesday's Wall Street Glance

AP - Dow Jones Industrials

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Stock futures point to lower open

Reuters - U.S. shares were set to open weaker on Wednesday, adding to the previous session's losses on a disappointing revenue forecast from chipmaker Intel .

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NYSE Members Polled on Archipelago Deal

AP - An anonymous group of New York Stock Exchange members has commissioned a survey that seeks to gauge seatholder interest in alternatives to the exchange's planned acquisition of Archipelago Holdings Inc.

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U.S. stocks set to start lower as oil jumps to $64

Reuters - U.S. stock-index futures pointed to a weaker opening on Wall Street on Monday as oil prices rose more than 2 percent to $64 a barrel.

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WSJ Debuts Tabloid Format in Europe, Asia

AP - The Wall Street Journal debuted a smaller, tabloid format for its European and Asian newspapers Monday, saying the changes would make its articles more accessible to readers.

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