Dow Leads Chemical Makers Lower
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Dow Chemical Co. on Thursday cemented Wall Street concerns that strong third-quarter earnings might tough to maintain as the industry raises prices to combat soaring raw-material and energy costs.
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GRAND RAPIDS, Mich., Oct. 25  â The Dow Chemical Company said Thursday its profit fell 21.3 percent in the third quarter because of changes in German tax laws, higher domestic tax rates and charges for research and development.
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Dow Chemical Co  said on  Tuesday that fourth-quarter earnings fell, hurt by weak U.S.  housing and auto markets, spiraling energy and raw material  costs, and one-time restructuring charges.
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The blue-chip Dow Jones average was  knocked lower on Thursday after drug maker Merck & Co.MRK.N,  a member of the Dow, recalled its widely sold Vioxx painkiller  and oil prices hovered around $50 a barrel.
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Stocks inched lower on Friday,  pressured by a sharp drop in Pfizer Inc. PFE.N after the drug  maker said patients in a study showed an increased risk of  heart attacks after taking its popular Celebrex drug.
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U.S. stock index futures indicated a weaker open on Wall Street before a report forecast to show a dip in manufacturing activity last month.
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US STOCKS were knocked lower yesterday as investors worried that rising prices for oil and commodities would dent corporate profits, while drug shares fell on possible stricter scrutiny from regulators.
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Stocks were knocked lower on Thursday  as investors worried that rising prices for oil and commodities  would shrink corporate profits, while drug shares fell on  possible stricter scrutiny from regulators.
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Stocks ended down for a third day on Friday, giving the Dow Jones industrial average its worst week since August, as worries over rising defaults in the subprime mortgage industry sent financial services shares lower.
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Stock prices are mostly lower, but not showing much change from yesterday&#39;s closing levels. The Dow Jones Industrial Average is down 11 points in today&#39;s early going.
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U.S. blue chips were lower on Thursday  after drug company and Dow component Merck & Co.MRK.N said it  was withdrawing a key drug, casting a dark mood over the market  as oil prices remained above $49 a barrel.
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U.S. stocks ended lower on Tuesday as  investors were spooked by weaker-than-expected earnings from  aluminum producer Alcoa Inc. AA.N and chip maker Advanced  Micro Devices Inc. AMD.N issued a sales warning.
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NEW YORK - Disappointing earnings from Morgan Stanley and a new spike in oil prices sent stocks lower in early trading Wednesday as investors' worries over third-quarter earnings increased.    In the first hour of trading, the Dow Jones industrial average fell 87.31, or 0.8 percent, to 10,157.62...
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Stocks dropped on Wednesday, pushing the Dow industrial average below 12,000 for the first time since November on worries over the worsening subprime mortgage market.
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The U.S. Dow Jones Industrial average  declined on Thursday after drug maker Merck & Co.MRK.N  recalled its widely sold Vioxx painkiller and its stock sunk 27  percent.
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U.S. stocks fell on Friday, hurt by a  slew of negative reports from top drug makers and oil prices  climbing by $2 a barrel.
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U.S. stocks closed lower on Friday  amid heavy trading volume, as a slew of negative reports from  top drug makers and a more than $2 a barrel increase in oil  prices weighed on the market.