Tuesday, October 25, 2005

Stock Markets Morning News 10/25/2005

Stocks fall on profit jitters, data

Reuters - Stocks fell on Tuesday as a key economic gauge showed a larger-than-expected drop in consumer confidence and Texas Instruments Inc.'s disappointing revenue outlook rekindled worries about corporate earnings.

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Profit Taking Sends Stocks Down

A Japanese businessman walks by an electronic stock indicator in downtown Tokyo Tuesday, Oct. 25, 2005. Japanese stocks rallied Tuesday as traders welcomed gains in New York overnight following the nomination of Ben Bernanke as new U.S. Federal Reserve chairman. The Nikkei 225 index jumped 174.44 points, or 1.33 percent, to close at 13,280.62 points on the Tokyo Stock Exchange. (AP Photo/Koji Sasahara)AP - A spate of profit taking sent stocks sliding Tuesday, with disappointing news from Texas Instruments Inc. and a drop in consumer confidence adding to the letdown after the previous session's triple-digit gains.


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TSX moves up on higher oil, Wall Street slips after big gains Monday

Canadian Press - TORONTO (CP) - The Toronto stock market edged higher Tuesday morning on some positive earnings reports while energy stocks enjoyed a pop from higher oil prices.

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Stocks poised for rally despite unease

Reuters - Worries about oil prices, a possible housing bubble and inflation have all conspired to keep the wraps on a U.S. stock market that may finally be showing signs it will reverse course after a sluggish year.

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Monday's Wall Street Glance

AP - Dow Jones Industrials

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Archipelago Earnings Down on NYSE Merger

AP - Archipelago Holdings Inc. said earnings in the latest quarter fell, hurt by the cost of preparing for its merger with the New York Stock Exchange.

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Big Movers in the Stock Market

AP - Stocks that were moving substantially or trading heavily Monday on the New York Stock Exchange and Nasdaq Stock Market.

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Bernanke Nod No Surprise on Wall Street

Ben Bernanke, President Bush's top economic adviser, speaks in the Oval Office at the White House after Bush named him to take over the Federal Reserve from retiring Alan Greenspan, in Washington, Monday, Oct. 24, 2005. It was the third time in as many years the president has turned to the 51-year-old Bernanke for a sensitive post. Bush named him to the Fed board in 2002, then made him chairman of the president's Council of Economic Advisers earlier this year. (AP Photo/J. Scott Applewhite)AP - There's no surprise on Wall Street about Ben Bernanke's nomination as Federal Reserve chairman, since his name had been floated for the job for months. He has a strong academic background, has served on the Fed board, and spent five months heading President Bush's economic team.


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Wall St seen up as welter of earnings due

Reuters - U.S. futures pointed to a firmer start on Wall Street on Monday with investors awaiting results and guidance from a brace of S&P 500 companies, including American Express and Texas Instruments .

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Profit Forecasts Overshadowing Earnings

AP - Some of the nation's biggest, most successful companies have posted very good third-quarter earnings, yet their stocks have been punished for lackluster profit forecasts. And that has the major indexes whipsawing — a trend likely to continue in the week ahead.

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