Stocks Fall on Service-Sector Report
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Wall Street pulled back sharply after an unexpected contraction in the service sector rekindled investorsâ worry that the economy is headed for recession.
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Stocks fell on Tuesday after a weak outlook from Procter & Gamble, disappointing earnings from U.S. Steel and a report showing consumer confidence at a two-year low fueled worries about the economy, consumer spending and corporate profits.
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U.S. shares slipped on Thursday as investors showed some caution about Friday's jobs report and the economy's prospects and seized the opportunity to take profits.
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U.S. stocks dropped sharply on Tuesday after Bloomberg reported that AT&T  sees softness in its consumer business, sending shares of the phone company tumbling more than 6 percent and raising more fears about recession.
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U.S. stocks slipped on Wednesday as a report suggested that November job growth may have exceeded Wall Street's estimates, diminishing the chances of an interest-rate cut any time soon.
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Dow slumps more than 250 points after contraction in service sector rekindles investor concerns.
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Stocks fell in early trading after the governmentâs employment report showed weaker-than-expected job growth and a rise in the unemployment rate.
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Stocks dropped sharply on Thursday as data showing a plunge in regional factory activity and news of a hefty loss by brokerage Merrill Lynch fanned worries about the economy.
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Stocks fell in early trading after the governmentâs  employment report showed weaker-than-expected job growth and a rise in the unemployment rate.
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The stock market plummeted yesterday after a report that businesses that account for a vast portion of the U.S. economy are shrinking.
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Stocks fell on Tuesday as signs of strength in the services sector and comments from Federal Reserve Chairman Ben Bernanke put an interest rate cut further out on the horizon, with surging bond yields adding to concerns.
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Wall Street fell after a weak manufacturing report raised investor concerns of a further economic slowdown.
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Financial stocks dragged London's FTSE 100 back below the 6,000 level on Tuesday   after US service sector data intensified fears of US recession.
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Stocks fell sharply on Thursday, with the Nasdaq and S&P both losing more than 1 percent as concern mounted that more financial services companies would report big losses from the credit crisis.
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Stocks fell on Thursday, after disappointing quarterly results from companies such as Comcast Corp  and as investors worried financial services companies would report more big losses from the credit crisis.
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Stocks fell on Thursday, on a handful of disappointing earnings reports, including results from cable TV operator Comcast Corp , and on uncertainty over how badly the financial sector will be affected by the credit crisis.
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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.