Investment Figures Of The Week
Stocks were slammed this week, even though interest rates retreated in the wake of good numbers on the inflation front. For the week, the Dow industrials were down an unnerving 4.0%, about the same as the decline in the Nasdaq. The new worry on Wall Street: earnings. Pity the company whose earnings came in below what analysts were expecting. Disappointments in such large-cap stocks as Hewlett-Packard and United Healthcare sent their stocks plummeting more than 10%. The decline in high-tech stocks reporting poor earnings was a lot worse.
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