US stocks finished sharply lower on Monday by continued fears of further trouble and writedowns at financial institutions. Worries about the economy and the troubled financial system overtook the cheers over the rescue plan for Fannie Mae and Freddie Mac.
Monday started off weak for financial issues as an IMF report predicting that continuing problems in [...]

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On Thursday U.S. stocks fell sharply lower, with the Dow Jones Industrial Average losing close to 300 points after two days of the bull run, as investors reacted to a surprise increase in weekly jobless claims and data that showed existing home sales at a 10-year low in June.
The Dow Jones Industrial Average fell 283 [...]

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On Friday Google and Microsoft fell after reporting earnings from the two tech giants cast doubts on the assumption that the two companies are immune to the recent economic downturn. U.S. stocks closed mixed as quarterly results weighed on the technology sector and the Nasdaq Composite Index.
Google’s second-quarter revenue fared slightly better than earnings, rising [...]

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