Democratic Underground - Wall St. can't shake the blues

Reply #12: Wall St. can't shake the blues [View All]

ozymandius

(1000+ posts) Send PM | Profile | Ignore

Wed Jan-16-08 06:19 AM
Response to Original message

12. Wall St. can't shake the blues

LONDON (CNNMoney.com) -- U.S. stocks looked set to slide at Wednesday's start after disappointing results from Intel further fanned fears that the U.S. economy would fall into a recession.

Intel (INTC, Fortune 500), the world's largest chipmaker, reported quarterly sales that missed Wall Street's estimates late Tuesday. Even more worrisome for investors was the weak outlook the company gave, which raised concerns that Intel faces a slowdown in demand as the economy weakens.
.....

The financial sector is back in focus with JP Morgan Chase (JPM, Fortune 500) and Wells Fargo (WFC, Fortune 500) both due to report their quarterly results before the market open Wednesday.

http://money.cnn.com/2008/01/16/markets/stockswatch/index.htm?postversion=2008011605

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Reply #12: Wall St. can't shake the blues [View All]