Stocks Slide Ahead of Earnings

By Kevin Spak,  Newser Staff
Posted Apr 6, 2009 8:57 AM CDT
Stocks Slide Ahead of Earnings
Traders work on the floor at the New York Stock Exchange.   (AP Photo)

Stocks turned south this morning, as a series of downgrades and bad news for the Sun/IBM deal spooked investors ahead of earnings season, the Wall Street Journal reports. The Dow dropped 92, the S&P 12. Financials sank after a veteran analyst downgraded 11 major US banks. The Nasdaq fell 33, after a downgrade from Cisco and a report that the Sun takeover deal was in jeopardy.
(More stock market stories.)

Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.