While you were sleeping Procter and Gamble downgrade

Wed, 12 Feb 2014

By Margreet Dietz Feb 13 (BusinessDesk) – Wall Street edged lower as Procter & Gamble cut its earnings forecast because of the recent slides in emerging markets currencies, prompting concern more US companies will follow suit. In afternoon trading in New York, the Dow Jones Industrial Average fell 0.24 percent, the Standard & Poor’s 500 inched 0.01 percent lower. The Nasdaq Composite Index added 0.20 percent. Shares of Procter & Gamble, last 2.2 percent weaker, led the Dow lower. Procter & Gamble downgraded its full-year profit and sales fo...

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