While you were sleeping Stocks fall on earnings worry

Tue, 08 Jan 2013

By Margreet Dietz Jan 9 (BusinessDesk) - Equities on both sides of the Atlantic weakened at the start of the fourth-quarter earnings season in the US that is expected to show tepid growth in corporate profits. Quarterly earnings are expected to increase by 2.7 percent, according to Thomson Reuters data. "People are concerned about earnings," Ken Polcari, director of the NYSE floor division at O'Neil Securities in New York, told Reuters. In afternoon trading in New York, the Dow Jones Industrial Average fell 0.66 percent, while the Standard...

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