Tuesday, October 23, 2012

Voice of America: Disappointing Corporate Earnings Hurt Stock and Oil Prices

Voice of America
Voice of America is an international news and broadcast organization serving Central and Eastern Europe, the Caucasus, Central Asia, Russia, the Middle East and Balkan countries
Disappointing Corporate Earnings Hurt Stock and Oil Prices
Oct 23rd 2012, 17:29

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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