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FINANCIAL NEWS

Inflation, Oil Battle It Out in Mixed Session for Stocks

Stocks ended mixed today after a volatile session in which the latest evidence that inflation is creeping into the U.S. economy battled for investor attention with a further drop in oil prices. The Dow Jones industrial average dropped 14.49 points, or 0.14 percent, to close at 10,456.02, adding to a...

FINANCIAL NEWS

Fed Boosts Rates Again, Sending Stocks Lower

The Federal Reserve today did as most observers expected and raised interest rates for the seventh straight time, and even though the move came as little surprise, it was enough to send stocks lower. The Fed's quarter-point boost to the overnight rate and its adherence to a policy statement of "meas...

FINANCIAL NEWS

Inflation Fears Override M&A Activity To Push Stocks Down

Stocks continued to struggle in the face of mounting inflation concern today, with the Dow falling to its lowest level in six weeks and the Nasdaq treading water as investors digested the latest merger news. The Dow Jones Industrial Average lost 64.28, or 0.6 percent, to 10,565.39, its lowest closin...

FINANCIAL NEWS

Inflation Fears Override M&A Activity To Push Stocks Down

Stocks continued to struggle in the face of mounting inflation concern today, with the Dow falling to its lowest level in six weeks and the Nasdaq treading water as investors digested the latest merger news. The Dow Jones Industrial Average lost 64.28, or 0.6 percent, to 10,565.39, its lowest closin...

FINANCIAL NEWS

Inflation Fears Override M&A Activity To Push Stocks Down

Stocks continued to struggle in the face of mounting inflation concern today, with the Dow falling to its lowest level in six weeks and the Nasdaq treading water as investors digested the latest merger news. The Dow Jones Industrial Average lost 64.28, or 0.6 percent, to 10,565.39, its lowest closin...

FINANCIAL NEWS

Stocks Go Nowhere as Volatile Week Ends

Stocks ended a volatile week with a whimper today, closing mixed as oil prices continued to make investors pause. Oil futures moved higher again today, closing up 32 cents to US$56.72 a barrel on the New York Mercantile Exchange, a new high closing price that bested the record set just Wednesday. Me...

FINANCIAL NEWS

Stocks Mixed, Flat as Oil Watch Continues

Stocks ended mixed and not far from the flat line today as investors stayed on the sidelines to see what direction oil prices would head. A plethora of merger-and-acquisition news wasn't enough to spark buying amid an early surge in oil futures. By day's end, oil prices, which jumped to a new record...

NEWS BRIEF

KDE Version 3.4 Unveiled

The open-source KDE Project announced yesterday the release of its K Desktop Environment 3.4. The latest release, which has been in development for more than a year, includes accessibility features the organization says will be a boon for partially sighted and speech-impaired users. KDE 3.4 includes...

FINANCIAL NEWS

Markets Nosedive on Record Oil Prices, GM Loss

Stock markets dropped sharply today as oil prices hit fresh highs and General Motors issued an outlook well below expectations. With GM weighing, the Dow was the hardest hit of the major indices, losing 112.03 points, or 1.04 percent, to close at 10,633.07. The blue chip index has lost more than 300...

FINANCIAL NEWS

Stocks Down as Inflation, Other Worries Grow

Stocks gave up more ground today amid lingering inflation worries and concern about the apparent discovery of anthrax in some government mail rooms in Washington, D.C. The Dow Jones industrial average lost 59.41, or 0.6 percent, to close at 10,745.10. The Nasdaq shed 16.06 points, or 0.8 percent, to...

FINANCIAL NEWS

Stocks Rise on News of Mergers, New CEOs

Amid a flurry of business headlines, stocks posted modest gains today after the largest member of the OPEC oil cartel said the group should consider boosting output in order to keep prices at reasonable levels. Oil prices, which hovered near record levels last week, have been a drag on financial mar...

FINANCIAL NEWS

Inflation Worries, Trade Gap Send Wall Street Lower

Higher oil prices and a near-record trade deficit combined to spark a Wall Street sell-off heading into the weekend. The Dow lost 77.15 points, or 0.71 percent today to end the week at 10,774.36. After coming within 30 points of breaking the 11,000 barrier to start the week, the Dow was off 1.52 per...

Stock Markets Mixed as Investors Watch for Intel Report

Stock markets were mixed today as investors bought up the blue chips but were more cautious on tech shares ahead of a key update from Intel. The Dow rose 45.89, or 0.42 percent, to 10,851.51. The Standard & Poor's 500 index was also higher, moving up by 2.24 points, or 0.19 percent, to close at ...

FINANCIAL NEWS

Dow Plummets 107 Points as Oil Prices Rise

Stocks lost more ground today, as oil prices and inflation worries overshadowed a report from the Federal Reserve showing many signs of steady economic growth. The Dow tumbled 107 points, or 0.98 percent, to close at 10,805.62. The Nasdaq was also down, losing 12.26 points, or 0.59 percent, to finis...

FINANCIAL NEWS

Stocks Fall on Higher Oil Prices, Tech Outlook

Another jump in oil prices and a lackluster outlook from a key semiconductor firm sent stocks into negative territory today. The Dow lost 24.24 points, or 0.22 percent, to 10,912.62. The Nasdaq lost 16.66, or 0.8 percent, to 2,073.55 and the S&P 500 index fell 5.88, or 0.5 percent, to close at 1...

FINANCIAL NEWS

Stocks End Mixed as Oil Rebounds

Stocks ended mixed today after the Dow fell short in a bid to crack the 11,000 barrier, with tech shares outperforming their blue chip counterparts. The Dow ended down 3.69 points, or 0.03 percent to 10,936.86. The Nasdaq was up 19.60 points, or 0.95 percent, to 2,090.21. The S&P 500 also finish...

Jobs Data Sends Stocks to Multi-Year Highs

A surge in job growth in February helped spark a rally on Wall Street today that pushed the Dow Jones industrial average and the S&P to their highest closing prices in more than three years. The February jobs report from the Labor Department showed the country added 262,000 positions last month,...

FINANCIAL NEWS

Mixed Economic Signals Produce Mixed Stock Market

Dueling forces battled it out on Wall Street today, with persistently higher oil prices approaching record levels and stronger-than-expected retail sales leaving markets mixed. The Dow rose 21.06 points, or 0.19 percent, to 10,833.03. The S&P 500 was also higher, rising 0.39 points, or 0.03 perc...

FINANCIAL NEWS

Jump in Oil Prices Puts Pressure on Stocks

Stocks lost ground today as oil prices surged higher, deflating any optimism resulting from largely upbeat comments made to Congress by Federal Reserve Chairman Alan Greenspan. A day after falling back before breaking the US$52 per barrel level, oil futures roared higher, finishing up $1.37 to $53.0

Stocks Rise as Oil Holds Below $52 Barrier

Stocks traded higher today as oil failed to break through a key psychological barrier, at least for now. Oil futures have marched steadily higher and appeared poised to move above US$52 per barrel, sparking concern that fuel costs would stoke inflation. However, futures traded slightly lower instead...

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