Friday, October 07, 2005

Stock Markets Morning News 10/7/2005

Stocks rise after jobs data beat forecast

Reuters - U.S. stocks bounced higher on Friday after a week of sharp declines, with investors taking heart after a government report showed that job losses following Hurricane Katrina weren't as severe as feared.

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Stocks Rise on New Unemployment Report

Real Estate agents Mary McGinn, left, and Wayne Wilkinson stand outside their office on grand re-opening day after Hurricane Katrina hit in New Orleans, Thursday, Sept. 29, 2005. (AP Photo/LM Otero)AP - Stocks advanced in early trading Friday after a new report showed the nation lost fewer jobs than expected in September, raising hopes that the economy is pressing forward despite the impact of the recent hurricanes.


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Dollar spikes up after jobs data

Reuters - The dollar extended gains early on Friday after the number of job losses in the U.S. last month following hurricanes Katrina and Rita were much less than economists had expected.

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New York looks to open up, TSX to follow 200-point drop going into long weekend

Canadian Press - TORONTO (CP) - New York investors appeared ready Friday to end a small slide on the stock market there but in Toronto observers looked ahead to trading on an index that had plunged almost 200 points the day before.

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NY stocks seen inching up

Reuters - U.S. stock index futures indicate a stronger start on Wall Street on Friday, helping markets limit this week's slide, but trading is likely to be cautious ahead of key non-farm payrolls data.

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Friday's Wall Street Glance

AP - Dow Jones Industrials

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Nikkei dips 0.6 percent

Reuters - Japan's Nikkei share average fell 0.63 percent on Friday, extending its biggest loss in six months a day earlier as investors locked in profits from top gainers, including energy stocks such as Teikoku Oil Co.

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Dollar steadies ahead of US jobs data

Reuters - The dollar steadied on Friday after tumbling against the euro the previous day, though the market hesitated to make any big bets ahead of much-anticipated U.S. payrolls data.

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Correction: Wall-Street Story

AP - In Oct. 4-5 stories about Wall Street, The Associated Press reported erroneously the first name of the Federal Reserve Bank President of Dallas. He is Richard W. Fisher, not Robert Fisher.

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Stocks close lower on Fed remarks

Reuters - U.S. stocks closed lower on Thursday, with the S&P 500 on track for one of its worst weeks of the year, as a string of cautionary comments on inflation from Federal Reserve officials raised concerns about further interest-rate hikes.

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