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U.S. equities, financials, Bombardier, Teck Cominco, UBS, Magna Vialoux
Posted on June 24, 2008
Investor psychology on U.S. equity markets remains negative. The Dow Jones Industrial Average broke its March low this morning when it moved below 11,731.60. Negative earnings surprises prior to release of second quarter reports are contributing to weakness. Analysts continue to reduce earnings estimates prior to release of second quarter reports, particularly in the Financial Service sector. A drop in consumer confidence to its lowest level in sixteen years announced this morning also added to stock market weakness. On the other hand, the Dow Jones Industrial Average already has fallen 10.8...
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