Thursday, October 06, 2005

Stock Markets Morning News 10/6/2005

Blue chips higher on retail reports

Reuters - U.S. stocks rose on Thursday after two days of sharp losses as investors took heart in reports showing that retail sales had held up better than expected in the wake of two devastating hurricanes.

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GE Outlook, Retail Sales Boost Stocks

A Japanese businessman is reflected on a video screen flashing a big stock loss in downtown Tokyo Thursday, Oct. 6, 2005. Japanese stocks tumbled Thursday, partly dragged down by news that U.S. markets had fallen to three-month lows overnight. The Nikkei 225 index lost 330.38 points, or 2.4 percent, to finish at 13,359.51 points on the Tokyo Stock Exchange.  (AP Photo/Katsumi Kasahara)AP - Stocks edged higher Thursday after two sessions of heavy losses as investors welcomed the promise of steady profits from General Electric Co. and September sales reports from major retailers were not as bad as the market feared.


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Storm signals persist for North American markets; oil prices slips lower

Canadian Press - TORONTO (CP) - Global indicators added to the gloom surrounding North American stock markets early Thursday while crude oil futures slipped below two-month lows.

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Stocks set for weaker opening

Reuters - Shares on Wall Street are expected to open slightly lower on Thursday as interest rate worries sparked a big sell-off in the previous session.

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Dollar falls against euro ahead of data

Reuters - The dollar fell against the euro on Thursday on worries that its recent rally on expectations for higher U.S. interest rates might have gone too far and on caution ahead of U.S. jobs data.

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Nikkei set for worst 1-day dip in months

Reuters - Tokyo's Nikkei share average fell 2.16 percent on Thursday and was set to book its worst one-day drop in almost six months after a sell-off on Wall Street prompted investors to unload stocks seen as overvalued.

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Wednesday's Wall Street Glance

AP - Dow Jones Industrials

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Stocks close more than 1 percent lower

Reuters - U.S. stocks fell sharply on Wednesday following a $1-a-barrel drop in crude oil prices that pushed heavily-weighted energy shares down, and after a top Federal Reserve official said policy-makers must be alert to potential inflation.

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SEC moves forward on Nasdaq application

Reuters - The Nasdaq Stock Market Inc. on Tuesday moved ahead in its long-standing push to be recognized as an exchange by U.S. market regulators.

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Ameriprise Shares Fall in Debut

AP - Shares of Ameriprise Financial Inc. fell in the stock's debut on the New York Stock Exchange on Monday, as the financial-services company embarked on its spinoff from credit-card and travel giant American Express Co.

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