Disappointing corporate earnings and continuing worries about Spain's battered economy cut stock prices on key European and U.S. exchanges Tuesday. Crude oil prices also declined. France's CAC-40 and Germany's DAX were down more than two percent in late trading. At one point during mid-day trading in New York, the Dow and the S&P 500 were off 1.7 percent or more. Analysts say the declines follow weaker than expected earnings from major companies like IBM, FedEx, ...
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