US Stocks May Fall as Outlook for 2005 Profit Growth Worsens
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US stocks&#39; drop amid the release of third-quarter earnings reports may reflect concern that next year&#39;s profit growth will slow even more than forecast.
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US economic growth is expected to slow in 2005 due to rising interest rates and high crude oil prices, according to a forecast of participants at a Federal Reserve Bank of Chicago conference released on Monday.
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U.S. stocks declined on Thursday, pushed down by declines in banking shares after Britain's HSBC  warned that bad debts from its U.S. mortgage lending business would hurt results.
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U.S. economic growth is expected to  slow in 2005 due to rising interest rates and high crude oil  prices, according to a forecast of participants at a Federal  Reserve Bank of Chicago conference released on Monday.
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Wall Street stocks retreated again on Wednesday after Goldman Sachs (NYSE:GS) forecast that the US economy would fall into a recession this year, compounding investor concerns about the near-term outlook for equities.
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US stocks were set to fall sharply on Thursday after Cisco's downbeat outlook added to concerns about the outlook for corporate tech spending and Wal-Mart's January sales proved a big disappointment. Jobless claims meanwhile declined less than expected.
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U.S. stocks tumbled on Friday, sending   the Dow to its biggest drop in a month, as investors worried   that 3M Co.'s MMM.N profit warning could be a sign that more   companies will forecast that earnings will fall short of Wall   Street's estimates.
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U.S. stock futures pointed to a lower  open on Thursday, weighed down by disappointing earnings from  online auctioneer eBay Inc. EBAY.O and a soft outlook from  wireless technology company Qualcomm Inc. QCOM.O late in the  previous session.
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U.S. stocks declined on Wednesday  after a profit warning from Coca-Cola Co. KO.N renewed worry  about corporate profits and a downgrade of the technology  sector by Goldman Sachs weighed on markets.
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US stocks looked set to open lower on Monday as oil prices approach record levels, fueling concerns that high energy costs are biting into corporate profits and consumer spending.
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US stock futures were moving into negative territory early Monday at the start of a quiet earnings and a noisy political week. Dow Jones futures were down 28 points recently, while Nasdaq futures declined 8 points and S&amp;P futures were down 3.4 points.
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Wall Street was set to open slightly lower on Wednesday as investors eye the damage to corporate earnings from stubbornly high oil prices with scorecards from key companies rolling in.
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Stock prices are falling to some profit taking after yesterday&#39;s gains. The Dow Jones Industrial Average is down 16 points in today&#39;s early going.
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Stock futures declined on Monday,  suggesting a lower opening for Wall Street, hit by weakness in  global markets and concern that credit problems may be having a  wider impact on earnings.
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U.S. stocks looked set to open lower  on Monday amid investor concern that high energy costs will  squeeze corporate profits and consumer spending.
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Stocks ended lower on Friday on signs  the economy may be slowing more sharply than previously  thought, threatening corporate profits, including those of  large industrial companies.
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U.S. stock futures fell on Thursday,  pointing to a slightly lower market open, with Wall Street  looking poised for a pull back, while China's interest rate  hike added concerns that global economic growth may slow.