Wednesday, November 09, 2005

Stock Markets Morning News 11/9/2005

U.S. stocks flat before oil data

Workers pour a concrete foundation in front of an unfinished housing development in a Denver, Colorado suburb April 19, 2005. U.S. stocks ended lower on Tuesday as a disappointing profit forecast from luxury home builder Toll Brothers Inc. stoked concerns about a possible slowdown in housing, a crucial engine of the U.S. economy. (Rick Wilking/Reuters)Reuters - U.S. stocks were little changed on Wednesday before the release of oil inventory data forecast to show a rise in supplies, which could ease investor worries about higher energy prices and support the stock market.


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Stocks Nearly Still on PepsiCo Worries

iRobot Chairman Helen Greiner and CEO Colin Angle celebrate as one of their company's PackBot EOD robots opens trading at the  Nasdaq marketsitel, as the Burlington, Mass. company lists on the exchange, in New York Wednesday Nov. 9, 2005. This also marked the first time a robot has opened the Nasdaq. (AP Photo/Richard Drew)AP - Stocks barely moved Wednesday after PepsiCo Inc. reduced its year-end forecast and insurance giant American International Group said it would restate its results for three fiscal years.


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Stocks Are Set to Open Flat on AIG News

In this photo released by the New York Stock Exchange, ExxonMobil Chairman & CEO Lee R. Raymond, fourth from left, is aplauded as he rings the NYSE opening ball, Tuesday Nov. 8, 2005. Joining in the celebration are NYSE CEO John Thain, third from left, and Charlene Raymond, wife of the ExxonMobil chairman, third from right. Others are unidentified. (AP Photo/Mel Nudelman, NYSE)AP - U.S. stock futures hovered around the flat line Wednesday, with American International Group again calling into question the accuracy of its books while networking giant Cisco may see positioning ahead of its earnings report.


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US stocks set to open flat

Reuters - U.S. stock futures suggested a nearly flat market opening on Wednesday, with investors looking for direction from Internet equipment company Cisco Systems Inc. before its quarterly financial results to be released after the market's close.

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Tuesday's Wall Street Glance

AP - Dow Jones Industrials

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North American markets close lower on disappointing corporate news

Canadian Press - TORONTO (CP) - Some disappointing corporate earnings and forecasts triggered profit taking on North American stock markets Tuesday as investors hope that historic forces will prevail and they can look forward to a year-end rally.

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Dow Ends Down 47, Nasdaq Finishes Down 6

In this photo released by the New York Stock Exchange, ExxonMobil Chairman & CEO Lee R. Raymond, fourth from left, is aplauded as he rings the NYSE opening ball, Tuesday Nov. 8, 2005. Joining in the celebration are NYSE CEO John Thain, third from left, and Charlene Raymond, wife of the ExxonMobil chairman, third from right. Others are unidentified. (AP Photo/Mel Nudelman, NYSE)AP - A negative sales forecast from home builder Toll Brothers Inc. Tuesday cast doubt on the health of the housing market and sent stocks falling after four sessions of gains.


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Stocks end lower, rattled by housing

Reuters - U.S. stocks ended lower on Tuesday as a disappointing profit forecast from luxury home builder Toll Brothers Inc. stoked concerns about a possible slowdown in housing, a crucial engine of the U.S. economy.

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Court Asked to Stop NYSE-Archipelago Vote

AP - A group of dissident seat owners on the New York Stock Exchange asked a state court Tuesday to postpone a seat owner and shareholder vote on the Big Board's proposed $6 billion acquisition of electronic rival Archipelago Holdings Inc.

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Stocks Decline on Auto, Housing Concerns

In this photo released by the New York Stock Exchange, ExxonMobil Chairman & CEO Lee R. Raymond, fourth from left, is aplauded as he rings the NYSE opening ball, Tuesday Nov. 8, 2005. Joining in the celebration are NYSE CEO John Thain, third from left, and Charlene Raymond, wife of the ExxonMobil chairman, third from right. Others are unidentified. (AP Photo/Mel Nudelman, NYSE)AP - Concerns over the housing and automotive sectors pressured stocks Tuesday as investors used the news as an excuse to take profits after four sessions of gains.


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Monday, November 07, 2005

Stock Markets Afternoon News 11/7/2005

Stocks gain as oil drops

Reuters - U.S. stocks rose on Monday as oil prices slid below $60 a barrel, easing concerns about higher energy costs and renewing investor enthusiasm for the technology and financial sectors.

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Dow, Nasdaq Advance on Lower Oil Prices

In a file photo traders work on the floor of the New York Stock Exchange, Monday afternoon Oct. 24, 2005.  Stocks wobbled in and out of positive territory Monday as oil prices sank below $60 a barrel and a legal dispute raised questions about Johnson & Johnson's acquisition of Guidant Corp.   (AP Photo/Richard Drew)AP - Falling oil prices and technology news pushed stocks higher Monday despite a legal dispute that raised questions about Johnson & Johnson's planned acquisition of Guidant Corp.


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TSX up slightly as energy stocks fade, but lower oil prices help boost N.Y.

Canadian Press - TORONTO (CP) - The Toronto stock market drifted higher Monday afternoon, dragged down by falling oil prices after two weeks of gains.

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NY judge reduces threat charge vs NYSE member

The facade of the New York Stock Exchange on Broad Street in Manhattan. A New York judge on Monday said he may dismiss charges against a 65-year-old man accused of threatening the life of a fellow NYSE seatholder if he agrees to takes a 12-week anger management course. (Mike Segar/Reuters)Reuters - A New York judge on Monday said he may let off the hook a 65-year-old man accused of threatening the life of a fellow New York Stock Exchange seatholder, though he'll have to take a 12-week anger management course first.


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Stocks Move Lower As Oil Slides Below $60

AP - Stocks wobbled in and out of positive territory Monday as oil prices sank below $60 a barrel and a legal dispute raised questions about Johnson & Johnson's acquisition of Guidant Corp.

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Report: NYSE May Consider Bid for LSE

AP - The New York Stock Exchange is considering entering the bidding war for the London Stock Exchange, according to a British newspaper report.

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Stocks Set to Open Up After Tech Gains

AP - With a calendar bereft of important economic or earnings releases, U.S. stock market futures were higher Monday after last week's strong technology sector gains.

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Investors Wonder if Rally Can Continue

AP - Wall Street just closed out its second straight week of substantial gains that helped erase the memory of a truly scary October, and investor sentiment remains high. But long-term economic problems remain, and that has traders wondering whether the market has enough going for it to keep fueling the rally.

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Stocks End Higher Despite Weak Jobs Data

The facade of the New York Stock Exchange on Broad Street in Manhattan. A New York judge on Monday said he may dismiss charges against a 65-year-old man accused of threatening the life of a fellow NYSE seatholder if he agrees to takes a 12-week anger management course. (Mike Segar/Reuters)AP - A late rally gave Wall Street a modest advance Friday after a lackluster employment report left investors wondering about the pace of economic growth and inflation. The major indexes each gained more than 1 percent this week.


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Friday's Wall Street Glance

AP - Dow Jones Industrials

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Stock Markets Morning News 11/7/2005

Stocks turn lower, led by energy shares

Reuters - U.S. stocks turned lower on Monday, led by declines in energy shares, as oil prices slipped below $60 a barrel.

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Stocks Are Mixed As Oil Prices Decline

AP - Stocks traded mixed Monday as oil prices eased below $60 a barrel and a legal dispute raised questions about Johnson & Johnson's acquisition of Guidant Corp.

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Report: NYSE May Consider Bid for LSE

AP - The New York Stock Exchange is considering entering the bidding war for the London Stock Exchange, according to a British newspaper report.

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TSX flat, Geac computer agrees to $1B buyout; NY moves higher on lower oil

Canadian Press - TORONTO (CP) - The Toronto stock market was flat Monday as lower energy and gold stocks were balanced by higher tech and base metals issues as investors took in a huge acquisition in the Canadian technology sector.

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Stocks Set to Open Up After Tech Gains

AP - With a calendar bereft of important economic or earnings releases, U.S. stock market futures were higher Monday after last week's strong technology sector gains.

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Investors Wonder if Rally Can Continue

AP - Wall Street just closed out its second straight week of substantial gains that helped erase the memory of a truly scary October, and investor sentiment remains high. But long-term economic problems remain, and that has traders wondering whether the market has enough going for it to keep fueling the rally.

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Stocks End Higher Despite Weak Jobs Data

A Refco broker works on the floor of the New York Mercantile Exchange, October 18, 2005. Hedge fund company Man Group said on Monday it had submitted a bid to acquire some of the assets and operations of bankrupt Refco Inc. (Shannon Stapleton/Reuters)AP - A late rally gave Wall Street a modest advance Friday after a lackluster employment report left investors wondering about the pace of economic growth and inflation. The major indexes each gained more than 1 percent this week.


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Friday's Wall Street Glance

AP - Dow Jones Industrials

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NYSE sets date for Archipelago vote

USATODAY.com - Ignoring a movement by dissident shareholders to change the terms of the deal, the New York Stock Exchange has set a date of Dec. 6 for its seat holders to vote on its proposed merger with the electronic trading platform Archipelago.

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Wall Street seen mixed

Reuters - Shares on Wall Street are expected to open mixed on Friday, with investors hoping monthly non-farm payrolls figures later will further demonstrate a healthy economy, but one with inflationary pressures contained.

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