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August 23, 2005

Dow Closes Up 11, Nasdaq Gains 6

Wall Street wobbled through an indecisive session Monday, rallying late in the day and squeezing out a modest gain after the price of oil fell back from $66 a barrel. News of several large acquisitions carried some stocks higher.

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Wall Street wants more competition as NYSE, Nasdaq prep mergers

NEW YORK (AP) - Philadelphia has a stock exchange?

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Nikkei falls below 16,000 in morning amid lack of buying incentives

_ Japan's key Nikkei stock index fell below the 16,000 mark for the first time in one week Monday morning as the sagging market and lack of fresh buying incentives prompted investors to step up sales for quick profits.

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Stronger-Than-Expected Trading Results Help Bolster Merrill's Earnings

Merrill Lynch also reported modest growth in investment banking and wealth management over the quarter a year earlier.

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