US markets endured another day of decline with investors concerned that corporate profits are not...
US markets endured another day of decline with investors concerned that corporate profits are not going to rebound in the near future. The Fed's rate cut yesterday seems to have made little impact in Wall Street's pessimism. The Dow Jones ebbed to its lowest level in two years. On the upside, the S&P 500 and the Nasdaq at least flickered between gains and losses, suggesting some investors think that declines have peaked and value is creeping back into the market. The Dow Jones fell 233.76 to 9487, the Standard & Poor's 500 dropped 20.48 to 1122.14 and the Nasdaq Composite 27.21 to 18...
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