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MONDAY, NOVEMBER 23, 2009
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Earnings Send Stocks South

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(Newser) – Stocks slid at the open this morning, after a rash of less-than-inspiring earnings reports from major companies. The Dow was down 30 points, as components Coca-Cola, Caterpillar, Dupont, and Merck all posted lousy first quarters. Caterpillar swung to a loss and slashed guidance, sending shares down 5%, while Dupont fell 3.5% after earnings fell 59%. The Nasdaq and S&P, meanwhile, were down 0.3% and 0.5% respectively.

Trader Gregory Rowe, right, works on the floor of the New York Stock Exchange Monday, April 20, 2009.
Trader Gregory Rowe, right, works on the floor of the New York Stock Exchange Monday, April 20, 2009.   (AP Photo/Richard Drew)
Traders work on the floor of the New York Stock Exchange Monday, April 20, 2009.
Traders work on the floor of the New York Stock Exchange Monday, April 20, 2009.   (AP Photo/Richard Drew)
Traders work on the floor of the New York Stock Exchange Monday, April 20, 2009.
Traders work on the floor of the New York Stock Exchange Monday, April 20, 2009.   (AP Photo/Richard Drew)
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