homeWelcome, sign in or click here to subscribe.login
     


 

 

News


Subscriber content preview

July 16, 2004

Earnings good, but stocks fall

NEW YORK (AP) -- Uncertain investors sent stocks lower Thursday, as the market's uneasiness over terrorism and future earnings overshadowed an unexpected drop in wholesale prices and another series of upbeat profit reports.

While second-quarter earnings in the financial and technology sectors came in above estimates, stocks moved in and out of negative territory for much of the day, partly because of options expirations on Friday. In addition, investors were increasingly concerned about third- and fourth-quarter profit outlooks, as well as a number of economic and political issues, analysts said.


 
. . .


To read this story in full login or purchase a subscription.




Email or user name:
Password:
 
Forgot password? Click here.