Thursday, October 27, 2005

Stock Markets Morning News 10/27/2005

Stocks drop as GM rattles investors

Reuters - Stocks fell on Thursday, rattled by news that the Securities and Exchange Commission has subpoenaed General Motors Corp. in an investigation into the world's largest automaker's accounting.

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Stocks Drop After Durable Goods Slip

SBC Chairman Ed Whitacre (L) shakes hands with AT and T CEO Dave Dorman outside an investors meeting in New York, February 1, 2005. SBC, nearing the completion of its AT and T acquisition, on Thursday said it will adopt the AT and T name, unveil a new logo and stock market symbol when the transaction is completed late this year. (Jeff Zelevansky/Reuters)AP - Wall Street treaded water Thursday, with major indexes barely moving after a larger-than-expected decline in durable goods orders exacerbated worries about a slowing economy.


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Stock markets move down on higher crude oil, earnings, GM jitters

Canadian Press - TORONTO (CP) - The Toronto stock market moved lower Thursday morning as crude oil prices rose.

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Dollar hits 2-yr high vs yen

Reuters - The dollar rose above 116 yen for the first time in two years on Thursday as investors bought the currency on prospects that the interest rate gap between the United States and Japan would widen even further.

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Dollar above 116 yen first time in 2 yrs

Reuters - The dollar rose above 116 yen for the first time in 25 months on Thursday, breaking through a key psychological barrier with the help of prospects for higher U.S. interest rates.

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Wednesday's Wall Street Glance

AP - Dow Jones Industrials

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Stocks futures up; Amazon under pressure

Reuters - U.S. stock futures were pointing to a higher opening on Wall Street on Wednesday with strong earnings expected from blue chips such as Boeing , but Amazon is set to dip after disappointing after-hours figures.

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Stocks slip as oil climbs

Reuters - Stocks ended slightly lower on Tuesday as a jump in crude oil prices fueled concern that higher energy prices would crimp household budgets further and a closely watched gauge of consumer confidence dropped unexpectedly in October.

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Goldman E-Mails Show NYSE-Archipelago Deal

AP - A Goldman Sachs Group Inc. employee expressed surprise in a series of e-mails about the investment bank's unusual — some say conflicting — roles in shepherding the New York Stock Exchange's acquisition of Archipelago Holdings Inc.

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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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