Thursday, October 13, 2005

Stock Markets Afternoon News 10/13/2005

Blue-chips dip, but Apple lifts Nasdaq

Reuters - U.S. blue-chip stocks slid on Thursday as sliding oil prices pushed down energy companies' shares like Exxon Mobil Corp., while the Nasdaq Composite Index got a boost from gains in Apple Computer Inc.

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TSX tumbles as resource stocks give up ground, C$ falls on trade data, NY up

Canadian Press - TORONTO (CP) - The correction on the Toronto stock market carried on Thursday as falling demand for crude reignited selling of energy and other resource stocks.

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Stocks Edge Higher As Oil Prices Fall

US Treasury Secretary John Snow gives a briefing overlooking the trading floor at the Shanghai Stock Exchange. Snow has warned China that reforms to its currency and fledgling capital markets are needed to keep its 'breathtaking' economic expansion sustained.(AFP/Mark Ralston)AP - Stocks struggled to mount a modest rally Thursday as oil prices fell substantially, helping investors try to overcome a sharp jump in import prices that could foreshadow rising inflation.


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Wednesday's Wall Street Glance

AP - Dow Jones Industrials

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Nasdaq slips, Dow gains limited

Reuters - The tech-laden Nasdaq fell on Tuesday to a 3-month low on weakness in semiconductor stocks, while the Dow's gains were limited by concerns about corporate profits and rising crude prices.

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Delphi to Trade Stock on 'Pink Sheets'

AP - Delphi Corp.'s stock and corporate bonds will trade on the over-the-counter electronic bulletin board after the company's shares and debt were suspended from trading Tuesday on the New York Stock Exchange.

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Dollar pushes to session highs after Fed

Reuters - The dollar lumbered up to session highs on Tuesday after release of the minutes of the Federal Reserve's last policy-setting meeting which reinforced market expectations for more interest rate hikes, traders said.

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Wall Street Journal Trims Down in Redesign

AP - The Wall Street Journal is cutting back the size of its newspaper as part of a redesign that will save it $18 million per year, the newspaper's publisher, Dow Jones & Co., said Tuesday.

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NYSE to suspend trading in Delphi

Reuters - The New York Stock Exchange said on Tuesday that trading in Delphi Corp. shares would be suspended immediately.

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Stocks set to open up, techs in focus

Reuters - U.S. stock index futures pointed to a higher opening on Wall Street on Tuesday, paring market declines seen in recent sessions, with earnings a key focus.

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Stock Markets Morning News 10/13/2005

Stocks fall on inflation jitters

Reuters - U.S. stocks edged slightly lower on Thursday as a government report showing the largest gain in U.S. import prices in nearly 15 years fanned fears about more interest-rate rises ahead from the Federal Reserve.

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Markets Edgy on Evidence of Inflation

US Treasury Secretary John Snow gives a briefing overlooking the trading floor at the Shanghai Stock Exchange. Snow has warned China that reforms to its currency and fledgling capital markets are needed to keep its 'breathtaking' economic expansion sustained.(AFP/Mark Ralston)AP - Renewed concerns about inflation pressured stocks in early trading Thursday after the government reported the steepest hike in prices for imported goods in 15 years.


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C$ tumbles on weaker trade surplus, markets lower on energy stocks, US data

Canadian Press - TORONTO (CP) - A deteriorating trade surplus helped send the Canadian dollar down almost three quarters of a U.S. cent Thursday morning.

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Wednesday's Wall Street Glance

AP - Dow Jones Industrials

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Nasdaq slips, Dow gains limited

Reuters - The tech-laden Nasdaq fell on Tuesday to a 3-month low on weakness in semiconductor stocks, while the Dow's gains were limited by concerns about corporate profits and rising crude prices.

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Delphi to Trade Stock on 'Pink Sheets'

AP - Delphi Corp.'s stock and corporate bonds will trade on the over-the-counter electronic bulletin board after the company's shares and debt were suspended from trading Tuesday on the New York Stock Exchange.

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Dollar pushes to session highs after Fed

Reuters - The dollar lumbered up to session highs on Tuesday after release of the minutes of the Federal Reserve's last policy-setting meeting which reinforced market expectations for more interest rate hikes, traders said.

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Wall Street Journal Trims Down in Redesign

AP - The Wall Street Journal is cutting back the size of its newspaper as part of a redesign that will save it $18 million per year, the newspaper's publisher, Dow Jones & Co., said Tuesday.

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NYSE to suspend trading in Delphi

Reuters - The New York Stock Exchange said on Tuesday that trading in Delphi Corp. shares would be suspended immediately.

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Stocks set to open up, techs in focus

Reuters - U.S. stock index futures pointed to a higher opening on Wall Street on Tuesday, paring market declines seen in recent sessions, with earnings a key focus.

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Wednesday, October 12, 2005

Stock Markets Morning News 10/12/2005

Stocks rise on Pfizer boost; techs fall

Reuters - U.S. blue-chip stocks rose on Wednesday as drug company Pfizer Inc. advanced after winning a key court case, while tech shares fell a day after

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Stocks Mixed As Tech Sector Falls

US Treasury Secretary John Snow gives a briefing overlooking the trading floor at the Shanghai Stock Exchange. Snow opened his tour of China focused on the steps the country has taken to greater currency flexibility since Beijing revalued the yuan and pledged greater forex reform(AFP/Mark Ralston)AP - Troubles in the technology sector kept stocks mixed Wednesday and added to investors' worries about the state of the economy heading into the holiday shopping season.


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Stock markets mixed as oil moves higher, Apple Computer disappoints

Canadian Press - TORONTO (CP) - The Toronto stock market moved up Wednesday morning as higher oil prices helped the energy sector claw back more of last week's losses.

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Nasdaq slips, Dow gains limited

Reuters - The tech-laden Nasdaq fell on Tuesday to a 3-month low on weakness in semiconductor stocks, while the Dow's gains were limited by concerns about corporate profits and rising crude prices.

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Tuesday's Wall Street Glance

AP - Dow Jones Industrials

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Delphi to Trade Stock on 'Pink Sheets'

AP - Delphi Corp.'s stock and corporate bonds will trade on the over-the-counter electronic bulletin board after the company's shares and debt were suspended from trading Tuesday on the New York Stock Exchange.

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Dollar pushes to session highs after Fed

Reuters - The dollar lumbered up to session highs on Tuesday after release of the minutes of the Federal Reserve's last policy-setting meeting which reinforced market expectations for more interest rate hikes, traders said.

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Wall Street Journal Trims Down in Redesign

AP - The Wall Street Journal is cutting back the size of its newspaper as part of a redesign that will save it $18 million per year, the newspaper's publisher, Dow Jones & Co., said Tuesday.

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NYSE to suspend trading in Delphi

Reuters - The New York Stock Exchange said on Tuesday that trading in Delphi Corp. shares would be suspended immediately.

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Stocks set to open up, techs in focus

Reuters - U.S. stock index futures pointed to a higher opening on Wall Street on Tuesday, paring market declines seen in recent sessions, with earnings a key focus.

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Tuesday, October 11, 2005

Stock Markets Afternoon News 10/11/2005

Blue-chips gain after Fed minutes

Reuters - U.S. blue-chip stocks rose

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Delphi to Trade Stock on 'Pink Sheets'

AP - Delphi Corp.'s stock will trade on the over-the-counter electronic bulletin board after the company's shares were suspended from trading Tuesday on the New York Stock Exchange.

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Stocks Mixed As Alcoa Boosts the Dow

Barbara Harris, head of the upscale clothing line Multi by Bree, speaks with designer Ronald Hodges in her showroom, Friday, Oct. 7, 2005, in the garment district area of New York.  Americans' dreams of early retirement, interrupted by the 2000 stock market bust, live on. They have been revived in part by the economy's rebound, soaring home values and the ambitions of baby boomers.(AP Photo/Diane Bondareff)AP - Stocks were mixed Tuesday as strong earnings from Alcoa Inc. led the Dow Jones industrials higher but the Nasdaq gave up early gains as rising oil prices renewed worries about inflation and recession.


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Dollar pushes to session highs after Fed

Reuters - The dollar lumbered up to session highs on Tuesday after release of the minutes of the Federal Reserve's last policy-setting meeting which reinforced market expectations for more interest rate hikes, traders said.

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Stock markets mixed on Inco-Falconbridge deal, Alcoa earnings, tech weakness

Canadian Press - TORONTO (CP) - Falling technology and financial stocks kept the Toronto stock market in the red Tuesday as the energy sector continued to mend from last week's correction and investors took in a huge deal in the mining industry.

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Wall Street Journal Trims Down in Redesign

AP - The Wall Street Journal is cutting back the size of its newspaper as part of a redesign that will save it $18 million per year, the newspaper's publisher, Dow Jones & Co., said Tuesday.

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NYSE to suspend trading in Delphi

Reuters - The New York Stock Exchange said on Tuesday that trading in Delphi Corp. shares would be suspended immediately.

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Stocks set to open up, techs in focus

Reuters - U.S. stock index futures pointed to a higher opening on Wall Street on Tuesday, paring market declines seen in recent sessions, with earnings a key focus.

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Monday's Wall Street Glance

AP - Dow Jones Industrials

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Big Movers in the Stock Market

AP - Stocks that were moving substantially or trading heavily Monday on the New York Stock Exchange and Nasdaq Stock Market.

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Stock Markets Morning News 10/11/2005

Stocks rise on earnings, IBM upgrade

Reuters - U.S. stocks rose on Tuesday as initial quarterly earnings reports heartened investor sentiment and IBM received its second brokerage upgrade in two days, lifting technology shares.

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Wall Street Journal Trims Down

AP - The Wall Street Journal is cutting back the size of its newspaper as part of a redesign that will save it $18 million per year, the newspaper's publisher Dow Jones & Co. said Tuesday.

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NYSE Suspends Trading in Bankrupt Delphi

AP - The New York Stock Exchange suspended trading in Delphi Corp. stocks and bonds Tuesday, three days after the auto parts maker declared bankruptcy, due to "abnormally low" trading levels of its stock.

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Stocks Climb on Alcoa, Genentech Earnings

A member of the New York City Police Department's (NYPD) elite Hercules Unit stands guard outside the Broad Street subway stop on Wall Street, 07 October 2005.  New York police commissioner Raymond Kelly defended the decision by local authorities to increase security on the city's subway system, despite skepticism among federal agencies over the seriousness of the threat.(AFP/File/Timothy A. Clary)AP - Strong earnings from Alcoa Inc. and Genentech Inc. sent stocks higher Tuesday as relieved investors tried to recover from last week's bruising losses.


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NYSE to suspend trading in Delphi

Reuters - The New York Stock Exchange said on Tuesday that trading in Delphi Corp. shares would be suspended immediately.

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Stock markets higher on Inco-Falconbridge deal, Alcoa earnings

Canadian Press - TORONTO (CP) - Stock markets rose Tuesday morning amid a mega-deal involving two Canadian mining giants, while investors took in strong earnings from aluminum giant Alcoa.

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Stocks set to open up, techs in focus

Reuters - U.S. stock index futures pointed to a higher opening on Wall Street on Tuesday, paring market declines seen in recent sessions, with earnings a key focus.

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Monday's Wall Street Glance

AP - Dow Jones Industrials

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Big Movers in the Stock Market

AP - Stocks that were moving substantially or trading heavily Monday on the New York Stock Exchange and Nasdaq Stock Market.

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Stocks set to open up as earnings begin

Reuters - U.S. stock index futures pointed to a higher market open on Monday as investors turned their attention to the start of third-quarter earnings reports and end-of-the-year profit outlooks.

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Monday, October 10, 2005

Stock Markets Afternoon News 10/10/2005

Stocks extend losses on Delphi news

Reuters - U.S. blue-chip stocks extended losses on Monday as General Motors Corp. said auto parts supplier Delphi Corp.'s bankruptcy filing could cost it as much as $12 billion and as investors braced for a flood of earnings reports.

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Stocks Slip Ahead of Alcoa Earnings

A member of the New York City Police Department's (NYPD) elite Hercules Unit stands guard outside the Broad Street subway stop on Wall Street, 07 October 2005.  New York police commissioner Raymond Kelly defended the decision by local authorities to increase security on the city's subway system, despite skepticism among federal agencies over the seriousness of the threat.(AFP/File/Timothy A. Clary)AP - Stocks fell Monday after Delphi Corp.'s bankruptcy filing and a pair of lowered outlooks cast gloom on Wall Street ahead of Alcoa Inc.'s third-quarter report, expected after the closing bell.


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Stocks set to open up as earnings begin

Reuters - U.S. stock index futures pointed to a higher market open on Monday as investors turned their attention to the start of third-quarter earnings reports and end-of-the-year profit outlooks.

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Inflation Fears May Overshadow Earnings

AP - Oil prices fell substantially last week, yet the stock market dropped to its lowest levels since early July. People who are used to seeing stocks rise as oil prices fall could very well wonder what happened. Richard Fisher happened.

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Dollar solid after jobs rally

Reuters - The U.S. dollar consolidated in early Asian trade on Monday in the aftermath of U.S. jobs data that showed the economy shed far fewer jobs than feared last month, soothing fears about U.S. growth.

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Friday's Wall Street Glance

AP - Dow Jones Industrials

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TSX higher as energy stocks, oil stabilize; N.Y. flat on jobs data

Canadian Press - TORONTO (CP) - The Toronto stock market held onto solid gains Friday afternoon after three days of steep declines as energy stocks were snapped up by investors thinking the correction was overdone.

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Stock investors shrug off attack warnings

Reuters - U.S. stock markets on Friday shrugged off a threat against the New York City subway system, providing the latest evidence of how inured equity investors have grown to security menaces.

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Archipelago CEO Comments on NYSE Trading

AP - The New York Stock Exchange and Archipelago Holdings Inc. plan to allow Big Board floor brokers to trade Nasdaq-listed stocks from the NYSE floor on Archipelago's system, Archipelago Chief Executive Jerry Putnam said Friday.

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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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Stock Markets Morning News 10/10/2005

Stocks fall as GM weighs on blue chips

Reuters - U.S. stocks fell on Monday as General Motors Corp. weighed on the Dow average and a sales warning from chip maker Xilinx Inc. hurt technology shares.

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Stocks Lower After Delphi Bankruptcy

A member of the New York City Police Department's (NYPD) elite Hercules Unit stands guard outside the Broad Street subway stop on Wall Street, 07 October 2005.  New York police commissioner Raymond Kelly defended the decision by local authorities to increase security on the city's subway system, despite skepticism among federal agencies over the seriousness of the threat.(AFP/File/Timothy A. Clary)AP - Stocks slipped into negative territory Monday as Delphi Corp.'s bankruptcy filing weighed on the market and added gloom to an already ailing U.S. auto industry.


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Stocks set to open up as earnings begin

Reuters - U.S. stock index futures pointed to a higher market open on Monday as investors turned their attention to the start of third-quarter earnings reports and end-of-the-year profit outlooks.

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Inflation Fears May Overshadow Earnings

AP - Oil prices fell substantially last week, yet the stock market dropped to its lowest levels since early July. People who are used to seeing stocks rise as oil prices fall could very well wonder what happened. Richard Fisher happened.

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Dollar solid after jobs rally

Reuters - The U.S. dollar consolidated in early Asian trade on Monday in the aftermath of U.S. jobs data that showed the economy shed far fewer jobs than feared last month, soothing fears about U.S. growth.

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Friday's Wall Street Glance

AP - Dow Jones Industrials

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TSX higher as energy stocks, oil stabilize; N.Y. flat on jobs data

Canadian Press - TORONTO (CP) - The Toronto stock market held onto solid gains Friday afternoon after three days of steep declines as energy stocks were snapped up by investors thinking the correction was overdone.

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Stock investors shrug off attack warnings

Reuters - U.S. stock markets on Friday shrugged off a threat against the New York City subway system, providing the latest evidence of how inured equity investors have grown to security menaces.

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Archipelago CEO Comments on NYSE Trading

AP - The New York Stock Exchange and Archipelago Holdings Inc. plan to allow Big Board floor brokers to trade Nasdaq-listed stocks from the NYSE floor on Archipelago's system, Archipelago Chief Executive Jerry Putnam said Friday.

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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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Friday, October 07, 2005

Stock Markets Afternoon News 10/7/2005

Stocks rise slightly, Gilead lifts Nasdaq

Reuters - U.S. stocks edged higher on Friday, with gains in Gilead Sciences Inc. tied to avian flu fears helping the Nasdaq and data showing smaller-than-expected job losses aiding the broader market.

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TSX higher as energy stocks, oil stabilize; N.Y. flat on jobs data

Canadian Press - TORONTO (CP) - The Toronto stock market held onto solid gains Friday afternoon after three days of steep declines as energy stocks were snapped up by investors thinking the correction was overdone.

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Stocks See Gains After Employment Data

Brandon Barb reacts while looking at stock information displays during trading activity on the floor of the New York Stock Exchange, Thursday Oct. 6, 2005.  Nervousness about the economy and inflation kept stocks mixed Thursday despite the promise of steady profits from General Electric Co. and September sales reports from major retailers were not as bad as the market feared.  (AP Photo/Bebeto Matthews)AP - Wall Street had a muted advance Friday after a better-than-expected employment report raised hopes about the economy's strength despite the recent hurricanes.


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Stock investors shrug off attack warnings

Reuters - U.S. stock markets on Friday shrugged off a threat against the New York City subway system, providing the latest evidence of how inured equity investors have grown to security menaces.

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Archipelago CEO Comments on NYSE Trading

AP - The New York Stock Exchange and Archipelago Holdings Inc. plan to allow Big Board floor brokers to trade Nasdaq-listed stocks from the NYSE floor on Archipelago's system, Archipelago Chief Executive Jerry Putnam said Friday.

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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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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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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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Thursday, October 06, 2005

Stock Markets Afternoon News 10/6/2005

Stocks fall after inflation talk by Fed

Reuters - U.S. stocks extended losses on Thursday, with the Nasdaq slumping as much as 1 percent, as the latest in a string of cautionary comments on inflation from Federal Reserve officials outweighed better-than-expected September sales reported by major retailers.

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Stocks Lose Ground Despite Positive News

Brandon Barb reacts while looking at stock information displays during trading activity on the floor of the New York Stock Exchange, Thursday Oct. 6, 2005.  Nervousness about the economy and inflation kept stocks mixed Thursday despite the promise of steady profits from General Electric Co. and September sales reports from major retailers were not as bad as the market feared.  (AP Photo/Bebeto Matthews)AP - Chronic economic worries threatened to stifle Wall Street's attempt at a rebound Thursday as stocks fell despite a solid outlook at General Electric Co. and retail sales reports that weren't as bad as the market feared.


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TSX sustains triple-digit losses as energy slide continues, NY higher

A trader studies stock information displays during trading activity on the floor of the New York Stock Exchange, Thursday. (AP/Bebeto Matthews)Canadian Press - TORONTO (CP) - The Toronto stock market sold off for a third day Thursday, losing about 150 points as falling energy prices prompted investors to ditch oil and gas stocks.


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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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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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Wednesday, October 05, 2005

Stock Markets Afternoon News 10/5/2005

Stocks fall after oil drops, Fed comments

Reuters - U.S. stocks slid on Wednesday after crude oil prices dropped sharply and drove energy shares lower, while a Federal Reserve bank president sounded a note of caution about the impact of higher energy costs on the economy, even before Hurricane Katrina.

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Dow Off 56 As Economic News Extends Slide

In a file photo specialist Sean O'Brien, second from right, mans the post that trades shares of Goldman Sachs on the floor of the New York Stock Exchange, Tuesday Sept. 20, 2005.  Stocks extended their selloff Wednesday, Oct. 5, 2005, after a surprisingly weak reading on the service sector of the economy.   (AP Photo/Richard Drew)AP - Stocks extended their selloff Wednesday after a surprisingly weak reading on the service sector of the economy raised concerns about the continuing impact of higher energy prices.


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TSX tumbles 171 points as resource stocks retreat, NY down weak data

Canadian Press - TORONTO (CP) - The Toronto stock market tumbled more than 100 points for a second session - the first such back to back decline since early January - as record high natural gas prices sparked a selloff in resource stocks.

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NY stocks set for sluggish start

Reuters - U.S. stock index futures pointed to a flat opening on Wall Street on Wednesday, a day after stocks were hit by interest-rate concerns, while trading will also be cautious ahead of services data.

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Dollar slips but poised near highs

Reuters - The dollar slipped on Wednesday but held near a three-month high against the euro and a 16-month peak versus against the yen as more Federal Reserve officials made clear U.S. interest rates are heading even higher.

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Nikkei hits four-year high, slips back

Reuters - Tokyo's Nikkei stock average hit a new four-year intraday high before finishing the morning session a tad weaker on Wednesday as earnings concerns hit Pioneer Corp. and other technology issues.

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Tuesday's Wall Street Glance

AP - Dow Jones Industrials

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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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Stocks extend losses after Fed comments

Reuters - U.S. stocks extended losses on Tuesday after Dallas Federal Reserve Bank President Richard Fisher said the U.S. central bank needed to be vigilant on inflation, triggering worry about a longer cycle of interest-rate hikes.

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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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Stock Markets Morning News 10/5/2005

Stocks slump on weak service-sector data

Reuters - U.S. stocks fell on Wednesday, with investors growing jittery after data showed growth in the economy's vast services sector slowed more sharply than expected in September.

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Stocks Slip on Service Sector Reading

Traders work on the floor of the New York Stock Exchange (NYSE). Wall Street shares turned higher, helped by a fall in oil prices and a sharper-than-expected rise in US factory orders in August(AFP/File/Tim Clary)AP - Stocks extended their selloff Wednesday after a surprisingly weak reading on the service sector of the economy.


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Global indicators mostly negative for North American markets; oil price flat

Canadian Press - TORONTO (CP) - Global indicators were mostly negative for North American stock markets early Wednesday while a key crude oil price stayed below $64 US a barrel ahead of the weekly U.S. inventory report.

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NY stocks set for sluggish start

Reuters - U.S. stock index futures pointed to a flat opening on Wall Street on Wednesday, a day after stocks were hit by interest-rate concerns, while trading will also be cautious ahead of services data.

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Dollar slips but poised near highs

Reuters - The dollar slipped on Wednesday but held near a three-month high against the euro and a 16-month peak versus against the yen as more Federal Reserve officials made clear U.S. interest rates are heading even higher.

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Nikkei hits four-year high, slips back

Reuters - Tokyo's Nikkei stock average hit a new four-year intraday high before finishing the morning session a tad weaker on Wednesday as earnings concerns hit Pioneer Corp. and other technology issues.

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Tuesday's Wall Street Glance

AP - Dow Jones Industrials

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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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Stocks extend losses after Fed comments

Reuters - U.S. stocks extended losses on Tuesday after Dallas Federal Reserve Bank President Richard Fisher said the U.S. central bank needed to be vigilant on inflation, triggering worry about a longer cycle of interest-rate hikes.

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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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Tuesday, October 04, 2005

Stock Markets Afternoon News 10/4/2005

Stocks fall on interest-rate concerns

Reuters - U.S. stocks slid on Tuesday after comments about inflation by a Federal Reserve official sparked increased concern about higher-interest rates.

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Dow Off 61 on Low Profits, Higher Prices

Traders work on the floor of the New York Stock Exchange (NYSE). Wall Street shares turned higher, helped by a fall in oil prices and a sharper-than-expected rise in US factory orders in August(AFP/File/Tim Clary)AP - Stocks fell sharply in afternoon trading Tuesday as a number of companies warned of profit shortfalls and higher costs, some of which could be passed on to consumers.


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Stocks extend losses after Fed comments

Reuters - U.S. stocks extended losses on Tuesday after Dallas Federal Reserve Bank President Richard Fisher said the U.S. central bank needed to be vigilant on inflation, triggering worry about a longer cycle of interest-rate hikes.

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Stocks mixed as crude oil drops over $2 US, factory orders rise

Investors discuss over share prices at the lobby of the Tokyo Stock Exchange in Tokyo Tuesday. After more than a decade of decline, Japanese stocks are finally staging a comeback. The Tokyo Stock Exchange's benchmark Nikkei index has shot up 23 percent since May, compared with a flat-lined Wall Street, and hit consecutive four-year highs in recent sessions. (AP/Itsuo Inouye)Canadian Press - TORONTO (CP) - The Toronto stock market headed lower Tuesday afternoon, led by declining energy stocks as oil, gasoline and natural gas prices retreated.


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Dollar keeps gains on rate expectations

Reuters - The dollar stuck close to its strongest level in more than 16 months against the yen and hovered near three-month highs against the euro on Tuesday as investors traded on expectations of higher U.S. interest rates.

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Wall St seen up

Reuters - U.S. futures pointed to a firmer Wall Street start on Tuesday as oil prices eased under $65 a barrel offering some counter-inflationary comfort to a market haunted by an increased likelihood of more interest rate hikes.

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Nikkei on track for 4-year high

Reuters - Tokyo's Nikkei share average gained 0.92 percent and was set to book a new four-year closing high on Tuesday as investors bought high tech firms such as Kyocera Corp. and other exporters following the yen's drop to near a 16-month low against the dollar.

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Monday's Wall Street Glance

AP - Dow Jones Industrials

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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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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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Stock Markets Morning News 10/4/2005

Stocks gain on declining oil, solid data

Reuters - U.S. stocks gained strength on Tuesday, helped by a sharp decline in crude oil prices and a stronger-than-expected report on August factory orders.

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Stocks Fall on Profit Shortfall Warnings

Investors discuss over share prices at the lobby of the Tokyo Stock Exchange in Tokyo Tuesday, Oct. 4, 2005. After more than a decade of decline, Japanese stocks are finally staging a comeback. The Tokyo Stock Exchange's benchmark Nikkei index has shot up 23 percent since May, compared with a flat-lined Wall Street, and hit consecutive four-year highs in recent sessions. The only question is whether the recovery's real or false start like those of the 1990s. This time, however, analysts and investors say there important reasons to be optimistic. (AP Photo/Itsuo Inouye)AP - Stocks edged lower in early trading Tuesday despite a drop in oil prices as a number of companies warned of profit shortfalls and higher costs, some of which could be passed on to consumers.


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Wall St seen up

Reuters - U.S. futures pointed to a firmer Wall Street start on Tuesday as oil prices eased under $65 a barrel offering some counter-inflationary comfort to a market haunted by an increased likelihood of more interest rate hikes.

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Dollar holds firm on Fed rate talk

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 remained firm on Tuesday near this week's three-month highs against the euro and 16-month peaks versus the yen as a Federal Reserve official joined the hawkish chorus on U.S. interest rates.


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Nikkei on track for 4-year high

Reuters - Tokyo's Nikkei share average gained 0.92 percent and was set to book a new four-year closing high on Tuesday as investors bought high tech firms such as Kyocera Corp. and other exporters following the yen's drop to near a 16-month low against the dollar.

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Monday's Wall Street Glance

AP - Dow Jones Industrials

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TSX up on energy stocks, NY mixed as data stokes inflation fears

Canadian Press - TORONTO (CP) - The Toronto stock market got off to a positive start to fourth-quarter trading with investors bidding financials and energy stocks higher ahead of the upcoming earnings reporting season.

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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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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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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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Monday, October 03, 2005

Stock Markets Afternoon News 10/3/2005

Blue-chip stocks sag on rate fears

Reuters - U.S. blue-chip stocks slipped on Monday after data showing stronger-than-expected manufacturing activity last month raised speculation that the Federal Reserve will extend its campaign of interest-rate increases to stave off inflation.

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Dow Sheds 18 on Inflation, Rate Worries

A.G. Lafley, (R) Procter & Gamble chairman and chief executive, speaks while former Gillette Chairman and CEO Jim Kilts looks on during a news conference announcing the closing of the Gillette acquisition at the New York Stock Exchange in New York October 3, 2005. Consumer products maker P&G said on Monday that its $57 billion acquisition of Gillette Co. will hurt earnings per share for the next two years, and start to add profit only modestly in the second half of 2008.AP - Stocks traded mixed Monday after a new report showed the nation's manufacturing sector is expanding but facing even higher prices, triggering worries about inflation and rising interest rates.


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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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Stock markets mixed on positive U.S. manufacturing data, corporate news

Japanese shoppers stroll in front of a Channel fashion house along the glitzy Ginza street in Tokyo Monday. Corporate Japan is becoming increasingly upbeat about the country's business outlook, a quarterly survey by the Bank of Japan showed Monday, although confidence in the world's second-largest economy didn't rise as much as some economists expected. (AP/Koji Sasahara)Canadian Press - TORONTO (CP) - Financials and energy stocks pushed the Toronto stock market higher Monday afternoon as investors looked ahead to the upcoming earnings reporting season.


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Dollar holds gains after ISM data boost

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 held on to earlier gains on Monday, hovering near a 16-month high against the yen and a three-month peak against the euro, after a U.S. manufacturing survey raised expectations for more interest rate hikes.


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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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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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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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Friday, September 30, 2005

Stock Markets Afternoon News 9/30/2005

Stocks edge up as crude ends lower

Reuters - U.S. stocks edged higher on Friday as a drop in crude oil prices eased concern about the effect of high fuel costs, and investors bought shares as worries about hurricane damage eased somewhat.

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Stock markets mixed as investors digest mixed economic data; oil prices drop

Canadian Press - TORONTO (CP) - Financial and technology shares helped boost the Toronto stock market Friday afternoon, offsetting energy stock declines as the price of oil retreated.

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Stocks Fluctuate Before Settling in Range

Traders crowd the post that handles Amerigroup Corp. on the floor of the New York Stock Exchange Thursday Sept. 29, 2005. Amerigroup, of Virginia Beach, Va., announced today that it expects to report a third quarter 2005 loss of $0.06 to $0.08 per share, and will not meet its 2005 annual earnings guidance.  (AP Photo/Richard Drew)AP - Stocks fluctuated before settling into a narrow range Friday as new data showing a decline in personal spending and sharply lower consumer confidence intensified concerns about the economic impact of hurricanes Katrina and Rita.


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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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Thursday's Wall Street Glance

AP - Dow Jones Industrials

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Dollar flat despite jobless claims drop

Reuters - The dollar traded flat against the euro on Thursday, in the wake of a report that showed U.S. weekly jobless claims fell more than expected.

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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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Dollar pares losses after durables data

Reuters - The dollar pared losses early on Wednesday after a report on U.S. durable goods orders last month beat analysts' expectations.

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Nikkei rises on autos, TOPIX rallies

Reuters - Japan's Nikkei share average rose 0.38 percent on Wednesday as investors bought auto makers such as Toyota Motor Corp. on hopes their profits would gain from the dollar's advance against the yen.

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NYSE Rejects Private Equity Offer

AP - The New York Stock Exchange is not interested in selling a stake to private equity firms, the exchange's chief executive said Tuesday after a newspaper reported the Big Board abnegated such a deal over the summer.

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Stock Markets Morning News 9/30/2005

Blue-chip stocks dip after economic data

The cooling tower at the Port Arthur petrochemical plant in Texas shows damage caused by Hurricane Rita September 27, 2005. (Tim Johnson/Reuters)Reuters - Blue-chip stocks declined on Friday as a consumer sentiment reading for September came in below expectations and data showed a larger-than-expected drop the previous month in consumer spending.


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Stocks Turn Mixed on Weak Consumer Data

Traders crowd the post that handles Amerigroup Corp. on the floor of the New York Stock Exchange Thursday Sept. 29, 2005. Amerigroup, of Virginia Beach, Va., announced today that it expects to report a third quarter 2005 loss of $0.06 to $0.08 per share, and will not meet its 2005 annual earnings guidance.  (AP Photo/Richard Drew)AP - Stocks turned mixed Friday as new data showing a decline in spending and sharply lower consumer confidence intensified concerns about the economic impact of hurricanes Katrina and Rita.


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Stock markets negative as U.S. consumer spending drops, oil prices lower

Canadian Press - TORONTO (CP) - Stock markets dipped early Friday as lower oil prices hobbled the Toronto exchange while weak U.S. consumer spending data gave New York investors an excuse to stay sidelined on the last day of the third quarter.

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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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Thursday's Wall Street Glance

AP - Dow Jones Industrials

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Dollar flat despite jobless claims drop

Reuters - The dollar traded flat against the euro on Thursday, in the wake of a report that showed U.S. weekly jobless claims fell more than expected.

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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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Dollar pares losses after durables data

Reuters - The dollar pared losses early on Wednesday after a report on U.S. durable goods orders last month beat analysts' expectations.

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Nikkei rises on autos, TOPIX rallies

Reuters - Japan's Nikkei share average rose 0.38 percent on Wednesday as investors bought auto makers such as Toyota Motor Corp. on hopes their profits would gain from the dollar's advance against the yen.

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NYSE Rejects Private Equity Offer

AP - The New York Stock Exchange is not interested in selling a stake to private equity firms, the exchange's chief executive said Tuesday after a newspaper reported the Big Board abnegated such a deal over the summer.

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Thursday, September 29, 2005

Stock Markets Afternoon News 9/29/2005

Stocks rally as jobless data cheers

The cooling tower at the Port Arthur petrochemical plant in Texas shows damage caused by Hurricane Rita September 27, 2005. (Tim Johnson/Reuters)Reuters - Stocks rose on Thursday, led by technology shares, as a big drop in weekly unemployment claims and better-than-expected earnings from companies including PepsiCo Inc. lifted sentiment about the economy.


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Stocks Edge Higher As Oil Prices Fall

U.S. Commerce Secretary Carlos M. Gutierrez, left, and NYSE CEO John Thain, walk the trading floor after Gutierrez rang the New York Stock Exchange opening bell, Thursday Sept. 29, 2005. A Commerce Department report released Thursday showed that gross domestic product grew at a 3.3 percent annual rate in the second quarter, confirming that economic activity was humming along at a respectable pace before hurricanes Katrina and Rita struck. (AP Photo/Riochard Drew)AP - Stocks rallied in erratic trading Thursday as investors grew more confident about the prospects for the economy despite the impact of hurricanes Rita and Katrina.


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Stock markets head higher on easing of energy prices, corporate news

Canadian Press - TORONTO (CP) - Stock markets moved higher Thursday with investors relieved to see a retreat in energy prices on higher inventories and imports.

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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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Wall St seen up as oil holds steady

Reuters - Wall Street shares are set to open higher on Thursday as the oil price held steady albeit above $66/barrel and the Nikkei (.N225) hurdled 13,500 with markets watching U.S. economic growth data and Pepsico results due.

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Dollar pulls back from 2-month high

Reuters - The dollar slipped further from two-month highs against the yen on Thursday as foreign investors helped drive Tokyo share indices to new four-year highs and took heart from Japan's brightening economic outlook.

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Wednesday's Wall Street Glance

AP - Dow Jones Industrials

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Dollar pares losses after durables data

Reuters - The dollar pared losses early on Wednesday after a report on U.S. durable goods orders last month beat analysts' expectations.

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Nikkei rises on autos, TOPIX rallies

Reuters - Japan's Nikkei share average rose 0.38 percent on Wednesday as investors bought auto makers such as Toyota Motor Corp. on hopes their profits would gain from the dollar's advance against the yen.

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NYSE Rejects Private Equity Offer

AP - The New York Stock Exchange is not interested in selling a stake to private equity firms, the exchange's chief executive said Tuesday after a newspaper reported the Big Board abnegated such a deal over the summer.

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