Thursday, July 28, 2011

Deadlock, durables, dismal earnings hit Wall Street

NEW YORK (Reuters) - Wall Street suffered its worst day in eight weeks on Wednesday, hit by weak earnings, lackluster economic data and no movement in Washington talks as the deadline for a default looms.

The debt ceiling debate has grabbed much of investors' attention this week as the August 2 deadline approaches, but it took a back seat for much of the day as the market reacted to earnings disappointments in industrial and technology sectors.

Read more

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.