US stocks drop on jobs, oil over $55 (Reuters)
June 03, 2005 02:58
Reuters - U.S. stocks slid on Friday as investors worried about a faltering economy after a government report showed May payrolls grew at the weakest pace in 21 months and crude oil prices topped $55 a barrel.

Friday's Wall Street Glance (AP)
June 03, 2005 04:43
AP - Dow Jones Industrials

Dow Closes Down 93 on Weak Jobs Report (AP)
June 03, 2005 04:17
AP - Wall Street finished a disheartening week sharply lower Friday after a government report showing the slowest job growth in nearly two years exacerbated concerns about the health of the economy. Steadily climbing oil prices, which topped $55 per barrel, helped push the major indexes to losses for the week.

TSX up 44 1/2 on resource stocks, Dow off 92 1/2 on weak job data, rising oil (Canadian Press)
June 03, 2005 03:14
Canadian Press - TORONTO (CP) - Much slower than expected U.S. job growth and oil closing above $55 US a barrel for the first time since late April sent New York stock indexes tumbling Friday.

Stocks end lower, job growth slows in May (Reuters)
June 03, 2005 01:12
Reuters - U.S. stocks dropped on Friday afternoon as sharply weaker-than-expected May job growth sparked investor worry about the economy, and a 4.5 percent slump in Apple Computer Inc. hit technology shares.

Sentiment gives dollar boost over euro (Reuters)
June 03, 2005 11:39
Reuters - The dollar rose against the euro on Friday as sentiment continued to reward higher U.S. interest rates and relatively positive growth prospects over political instability and economic torpor in the euro zone.

Stocks fall on jobs and services data (Reuters)
June 03, 2005 08:51
Reuters - U.S. stocks fell on Friday after data on payrolls and the services sector for May came in below expectations, raising worries about the economy, and oil prices climbed above $54 a barrel.

Dollar initially falls after jobs report (Reuters)
June 03, 2005 05:43
Reuters - The dollar initially fell on Friday, after the influential U.S. jobs report showed the labor market was weaker-than-expected last month.

Wall St seen down, jobs report awaited (Reuters)
June 03, 2005 03:27
Reuters - Wall Street stocks were expected to open slightly weaker on Friday with investors focused on the 1230 GMT release of May U.S. payroll report, seen as a gauge of the health of the U.S. economy.

Euro dives on Italian call to quit EMU (Reuters)
June 03, 2005 12:27
Reuters - The euro suddenly spiked lower on Friday after an Italian minister said that Italy should quit the single currency and revert back to the lira.

Nikkei inches up by midday (Reuters)
June 02, 2005 08:27
Reuters - Japan's Nikkei average edged up a meager 0.05 percent by midday on Friday as firmness in tech shares and shippers was offset by profit-taking on recent gainers such as Toyota Motor Corp. and Softbank Corp.

'Network Storm' Caused NYSE Shutdown (AP)
June 02, 2005 09:29
AP - The New York Stock Exchange halted trading four minutes before the closing bell Wednesday because of an error message that circulated millions of times throughout the exchange's communication system, NYSE Chief Executive John Thain said Thursday.

NYSE glitch fixed, sparks frustration (Reuters)
June 02, 2005 08:55
Reuters - A communications outage at the New York Stock Exchange in the critical final minutes of trading on Wednesday and the exchange's refusal to immediately detail what went wrong frustrated customers and exposed frailties of its electronic systems.

US stocks open lower on inflation fears (Reuters)
June 02, 2005 06:38
Reuters - U.S. stocks opened lower on Thursday, after a government report showing an increase in labor costs in the first quarter fanned investors' inflationary fears. The market was also focused on retailers' reports for May sales.

Before the Bell -Elan and Biogen fall (Reuters)
June 02, 2005 04:44
Reuters - American Depositary Receipts of Irish drugmaker Elan Corp. fell 22.8 percent before the opening bell on Thursday following a report that a fourth patient taking its multiple sclerosis drug Tysabri may have contracted a deadly brain disease.

Donaldson Reforms May Come Under Scrutiny (AP)
June 01, 2005 01:17
AP - For someone with close ties to Wall Street and the top echelons of corporate America, William Donaldson showed an independent streak as the head of the Securities and Exchange Commission.

U.S. Growth Likely to Encourage Investors (AP)
May 30, 2005 04:23
AP - The U.S. economy is growing at a moderate pace — fast enough to encourage investment and create jobs, but slow enough that inflation isn't a major risk. It's what is know on Wall Street as a 'Goldilocks economy' — not too hot and not too cold, the same way the fairy tale character preferred her porridge.

Dow Jones Closes Up 79 Points (AP)
May 26, 2005 01:29
AP - U.S. stocks rose on Thursday as encouraging signs of economic growth eased investors' fears of a business slowdown. The economy grew by 3.5 percent in the first quarter of the year — up from a 3.1 percent estimate last month and just slightly less than the 3.6 percent economists had expected. Investors welcomed the report as a sign that the economy was still expanding and inflation risks had lessened. The news also helped minimize the impact of this week's rise in oil prices. The Dow Jones industrial average rose 79.80, or 0.8 percent, to 10,537.60, its best close since April 7. Broader stock indicators also moved higher. The Standard & Poor's 500 index was up 7.61, or 0.6 percent, at 1,197.62. The Nasdaq composite index gained 21.12, or 1 percent, to 2,071.24.

U.S. official says hopes for prompt China yuan move (Reuters)
May 22, 2005 09:33
Reuters - A senior U.S. Treasury official said on Sunday China seemed ready for a more flexible yuan currency regime and he hoped it would act quickly.

NYSE, Nasdaq make their cases (TheDeal.com)
May 19, 2005 03:00
TheDeal.com - The stock exchanges argue the merits of mergers before the Senate Banking Committee.