CNN Money had published an news article about the US Stocks dropping after hearing the drop in Citibank's earnings. Quote"U.S. stock futures lost momentum Monday after Citigroup reported a sharp decline in quarterly earnings, although news that big banks are setting up a massive fund to help shore up the credit market could help boost sentiment."
The questions is would other companies report lower earnings? If so, would investors sell their stocks as soon as they know that the company's earnings dropped?
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Monday, October 22, 2007
Would Wall Street Drop?
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