Monday, October 03, 2005

Stock Markets Morning News 10/3/2005

Stocks slide after data raise rate fears

Reuters - U.S. stocks gave up much of their earlier gains on Monday after U.S. manufacturing data showed an unexpected rebound in manufacturing activity in September, with the blue-chip Dow Jones industrial average (.DJI) briefly dipping into negative territory.

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Stocks Are Mixed on Manufacturing Report

New York Attorney General Eliot Spitzer addresses an investment conference in Manhattan, April 13, 2005. The number of Wall Street executives who quake in their boots at the mention of Eliot Spitzer may be dwindling. (Chip East/Reuters)AP - Stocks pulled back from early gains to trade mixed Monday after a report on the manufacturing sector showed that the nation's factories are under continuing pricing pressures.


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Dollar pops up on headline ISM

Reuters - The dollar climbed back toward session and multi-month highs on Monday after a reading of U.S. manufacturing activity in September beat market expectations.

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Dollar up sharply on rate expectations

Secretary of the Treasury John Snow (L) is seen at the unveiling of the new ten dollar bill at Ellis Island, September 28 2005. The dollar ran to a 16-month high against the yen and a three-month peak versus the euro on Monday, boosted by anticipation of more U.S. interest rate rises and a disappointing survey of corporate sentiment in Japan. (Keith Bedford/Reuters)Reuters - The dollar ran to a 16-month high against the yen and a three-month peak versus the euro on Monday, boosted by anticipation of more U.S. interest rate rises and a disappointing survey of corporate sentiment in Japan.


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Stock market indicators mixed, crude oil prices move up

Canadian Press - TORONTO (CP) - Global indicators were mixed for North American stock markets early Monday as oil prices rose and 2005's fourth quarter got underway.

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Economic Data Should Clarify Storm Matters

AP - Wall Street has been stewing in uncertainty over the economic impact of hurricanes Katrina and Rita, but a new batch of data due in the week ahead will help clarify the situation.

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Friday's Wall Street Glance

AP - Dow Jones Industrials

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Appeals Court Reinstates Grasso Lawsuit

AP - A state appeals court has revived a libel lawsuit that former New York Stock Exchange chief Richard A. Grasso brought against his successor as part of a battle over $187.5 million in severance pay.

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Wall Street set to open flat

Reuters - U.S. stock futures pointed to a mixed start on Wall Street on Friday with the Federal Reserve's favored measure of inflation, the personal consumption expenditure (PCE) deflator, seen rising and consumer confidence set to fall.

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Dollar firms to highs on jobless claims

Reuters - The dollar pushed to session highs against the euro on Thursday, after a report on U.S. initial jobless claims came in stronger than expected.

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