Earnings Triple at NYSE, but the Share Price Plunges
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The company said its net income rose to $156 million, or 59 cents a share, from $45 million, or 29 cents a share in the period a year earlier.
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The Dow Jones industrial average fell 24 to ten-thousand-289. But gainers on the New York Stock Exchange outnumbered losers by a better than three-to-two margin.
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NEW YORK - An unsettling report on consumer incomes set off a spate of profit-taking on Wall Street Monday as investors worried that a tepid economy would erode companies' third-quarter earnings. Another drop in oil prices failed to shake the gloom from the market...
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Disappointing earnings from Morgan Stanley (MWD) and oil prices topping $48 per barrel sent stocks sharply lower Wednesday as investors moved to protect their recent gains.
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JP Morgan Chase &amp; Company, the nation&#39;s second-largest bank, surprised Wall Street today with a sharp drop in third-quarter earnings, attributing the weaker performance to poor results in fixed-income trading.
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Investors turned to profit-taking yesterday, leaving stocks mixed after nearly two weeks of solid gains. Another drop in oil prices limited the market&#39;s losses.
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Wall Street stocks were mixed at midmorning on Monday, with blue chips nosing further into record territory as investors awaited a swathe of earnings reports this week.
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A look at the stocks that saw serious volatility last week.
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NEW YORK - Disappointing earnings from Morgan Stanley and oil prices topping $48 per barrel sent stocks sharply lower Wednesday as investors moved to protect their recent gains. The Dow Jones Industrial average dropped 115 points...
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J.P. Morgan Chase & Company, the nation's second-largest bank, surprised Wall Street today with a sharp drop in third-quarter earnings.
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Financial services giant American Express Co. said Monday that third-quarter earnings rose to meet Wall Street expectations. Net income increased to $879 million, or 69 cents per share, from $770 million, or 59 cents per share, a year ago.
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Business & money: Share price plunges after disappointing profits raising fears over America's economic slowdown
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NEW YORK Concerned about third-quarter earnings offset a surprise drop in wholesale prices, keeping stocks mixed Friday. Blue chips dropped on profit warnings from Alcoa, a Dow component, and Visteon, while technology shares rose on takeover expectations.
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NEW YORK - Investors concerned about third quarter earnings looked past a surprise drop in wholesale prices, keeping stocks mixed Friday. Blue chips dropped on profit warnings from Dow component Alcoa Inc...
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NEW YORK - Disappointing earnings from Morgan Stanley and a new spike in oil prices sent stocks sharply Wednesday as worries over third-quarter earnings increased and investors decided to cash in some recent profits. The Dow Jones industrial average was down more than 100 points...
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Nasdaq Stock Market Inc.  said on Tuesday that quarterly earnings more than tripled, helped by strong trade revenue.
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Business & money: Strong earnings from corporate America sent Wall Street's yardstick of blue-chip stocks through the 14,000 level for the first time yesterday.