While you were sleeping: Wall Street moves lower

Tue, 04 Aug 2015

By Margreet Dietz Aug. 5 (BusinessDesk) - Wall Street fell amid concern about the outlook for worldwide economic growth and corporate profits as the latest round of quarterly earnings in the US shows some companies including Allstate and CVS Health are disappointing investors. “We’ve seen a lot of companies struggling this earnings season," Randy Warren, who manages more than US$100 million at Exton, Pennsylvania-based Warren Financial Service & Associates, told Bloomberg. "There are a lot of global growth concerns out there.” In late...

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