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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