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Showing posts with the label ADVFN World Daily Markets Bulletin -October 19

ADVFN World Daily Markets Bulletin -October 19, 2012-. 2012-

ADVFN I I I World Daily Markets Bulletin   Daily world financial news Friday, 19 October 2012 US Market Disappointing Earnings News Drags Stocks Lower With traders reacting negatively to the latest batch of earnings news, stocks have moved notably lower in early trading on Friday. The major averages have slid firmly into negative territory, adding to the losses posted in the previous session. The major averages have recently edged up off their lows for the young session but remain stuck in the red. The Dow is down 94.07 points or 0.7 percent at 13,454.87, the Nasdaq is down 20.14 points or 0.7 percent at 3,052.73 and the S&P 500 is down 7.99 points or 0.6 percent at 1,449.35. The early weakness on Wall Street comes on the heels of the release of disappointing quarterly results from big-name companies such as Microsoft (MSFT), General Electric (GE), and McDonald 's (MCD). After the close of trading on Thursday, Microsoft reported fiscal fi