Sonic, Asbury Cut Estimates, Stocks Fall
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Shares of Sonic Automotive Inc. SAH.N  and Asbury Automotive Group Inc. ABG.N fell sharply on  Tuesday after both car dealership companies cut their full-year  earnings estimates, citing the recent hurricanes and a  difficult new and used vehicle market.
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U.S. stocks fell on Thursday after weaker-than-expected durable goods data raised concerns about the outlook for the economy and profits.
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Slashed earnings estimate pulls down shares.
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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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Stocks dropped on Monday, with the Nasdaq losing more than 1 percent, as worry about a possible recession hurt economically sensitive stocks like energy and financial shares.
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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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Asian stocks fell in US trading after Xilinx Inc. and Altera Corp., the largest makers of programmable computer chips, cut their sales forecasts.
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Stocks fell on Tuesday, after microchip maker National Semiconductor Corp.  cut its quarterly revenue forecast, prompting a sell-off in the technology sector.
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Employers cut jobs for the first time in four years last month, the government reported yesterday, driving stock prices down in the United States and Europe and raising fears the slowdown in the housing and credit markets brought on by the crisis in subprime mortgages is spreading across the economy.
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US technology shares tumbled on Friday after Intel Corp. , the world&#39;s No. 1 chip maker, slashed its revenue forecast, but blue chips were only moderately lower as drug and industrial stocks gained.
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Stocks fell on Thursday as data showing a sharp contraction in regional factory and news of a hefty loss by brokerage Merrill Lynch fanned worries about the economy and a weakening financial sector.
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US technology shares tumbled on Friday after technology bellwether Intel Corp. (INTC.O: Quote, Profile, Research) slashed its revenue forecast, but blue chips were only moderately lower as drug and industrial stocks made solid gains.
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Japanese stocks fell by mid morning on Tuesday following a decline in U.S. stocks, with chip maker Elpida Memory Inc. pulling down technology issues after it cut its profit outlook for the year.
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Stocks turned negative in volatile trading on Wednesday, with the Nasdaq down more than 1 percent, as Intel Corp's  disappointing earnings and profit outlook fueled more recession talk.
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Technology stocks sold off on Friday after computer chipmaker Intel cut its revenue forecast, spooking investors already nervous about the strength of consumer and business spending.
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U.S. stocks fell on Wednesday after   revised data on labor costs stirred inflation concerns and   Intel Corp. said it would cut fewer jobs than some investors   expected.
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Stocks dropped on Wednesday, with the Nasdaq slumping more than 1 percent, as recession fears hurt manufacturing and consumer discretionary stocks and financial shares suffered further declines.