Stocks Down, Third Quarter Earnings | featured news

Stocks on Wall St. Fall Sharply on Weak Earnings Reports

Weak earnings from several large companies and a credit rating downgrade of several regions in Spain raised concerns about a slowing global economy... The Dow Jones industrial average finished the day down 1.8 percent, or 243.36 points, to end at 13,102.53, its worst performance since June. The losses added to the big declines on Friday, and dropped leading indexes to their lowest levels since early September, before the Federal Reserve announced its latest monetary stimulus program.

 

Weak earnings season casts a pall over stocks

Expectations for third quarter earnings reports were dismal. But a recent flurry of high-profile reports has investors scowling even more at the weak revenue numbers.

 

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