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Market cuts losses on rate-cut talk

Stocks recovered from deep losses on Wednesday, amid talk that the Federal Reserve would act to cut the discount rate, the same day that Merrill Lynch rattled markets with its first loss in nearly six years.

U.S. undoubtedly in recession: Jim Rogers

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The United States has entered a recession, according to highly-regarded investor Jim Rogers, who told Britain's Daily Telegraph newspaper on Wednesday he was switching out of the dollar and into yen, the yuan and the Swiss franc.

Credit concerns drive shares down

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Stocks tumbled on Wednesday as a steep quarterly loss at Merrill Lynch & Co. Inc. and executives' warnings about possible future problems deepened investors' concern about the credit crisis.
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U.S. stocks climb as Apple, RIM spur rally

Stocks rose on Tuesday, spurred by technology companies as Apple’s strong quarterly profit report and news of Blackberry-maker Research In Motion’s deal for distribution in China added to and better than expected results from American Express.
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Dow and S&P fall with oil shares

The Dow and S&P 500 declined on Monday as energy company shares fell on lower oil prices and investors worried about the economy, but Nasdaq rose, lifted by Apple Inc. Oil dropped 2 percent amid economic concerns, sending Exxon Mobil Corp down 2.1 percent at $90.15. The stock weighed on the Dow and S&P 500.
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Futures fall on earnings jitters

Stock futures declined on Monday, suggesting a lower opening for Wall Street, hit by weakness in global markets and concern that credit problems may be having a wider impact on earnings.
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Wall Street sinks on Black Monday's anniversary

Caterpillar Inc.'s warning that the housing slump was infecting the wider economy sent U.S. stocks tumbling by the most in more than two months on Friday, spooking investors on the 20th anniversary of the 1987 market crash.
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Stocks down on Bank of America

Stocks fell on Thursday, hit by losses in financial companies after Bank of America Corp reported a sharp drop in earnings, stoking concern the credit crunch was dragging on profits and the economy.
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Wall Street drops as financials weigh

Stocks fell on Thursday as shares of financial services companies slid on concerns about the lingering effects of the credit crunch following Bank of America Corp's disappointing quarterly results. The No. 2 U.S. bank said profit plummeted 32 percent, dragging down shares of other big banks and renewing worries about the financial sector's outlook.
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Putin says Iraq shows need for strong Russia

Russian President Vladimir Putin criticized the U.S.-led war in Iraq on Thursday, saying that experience showed the need for resource-rich countries like Russia to build up their armed forces to defend themselves.
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Stocks move up on solid earnings reports

Technology stocks rose on Wednesday as investors took heart from solid corporate earnings and shrugged off fresh evidence of a dismal housing sector, which renewed speculation the Fed will cut interest rates.
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Futures climb on strong profits

Stock futures rose on Wednesday as a rush of stronger-than-expected profits from such blue chips as Intel, United Technologies and JPMorgan Chase reassured investors about the earnings outlook.
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Stocks fall on high oil prices

Stocks fell on Tuesday as high oil prices raised concern about the impact of oil prices on the economy's outlook and disappointing bank earnings fueled caution about profit growth.
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Turkey's PM says U.S. relations in danger

Prime Minister Tayyip Erdogan said on Friday relations between Turkey and the United States are in danger over a resolution branding as genocide massacres of Armenians by Ottoman Turks during World War One.
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Stocks rally on Oracle bid, solid retail spending

Stocks rose on Friday, led by technology shares after a surprise takeover proposal in the software sector, data pointing to strength in consumer spending and a brighter outlook from McDonald's Corp.
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U.S. futures drop on data caution

Stock futures fell on Friday, weighed down by caution before key economic reports and news that Deutsche Bank had slashed its rating on shares of Dow component Citigroup Inc.
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U.S. stocks decline, led by losses in technology shares

U.S. stocks fell on Thursday, led by a retreat in the technology heavy Nasdaq index after a report on Chinese search engine Baidu.com (NASDAQ: BIDU) predicted lower revenue for the firm, triggering a broader sell off in the Tech sector.
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U.S. economy shows signs of resilience

The U.S. trade gap shrank in August on record exports and claims for jobless benefits fell last week, according to government data on Thursday that showed the economy retaining some vigor despite housing market ills.
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U.S. pushes South Korea to open beef market

U.S. farm officials pressed South Korea at talks in Seoul on Thursday to open its market fully to American beef and resolve a long-standing dispute between the two nations that has also threatened a separate free-trade deal.
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U.S. stocks fall on earnings misses, Boeing delays

The Dow Jones Industrial Average and Standard & Poor's 500 indexes fell on Wednesday after setting new highs a day earlier as the latest earnings report season kicked off with lower profit expectations and news from blue-chip companies raising concern among investors.
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Wall St falls on earnings fears, Alcoa

Stocks fell on Wednesday as investors worried about the outlook for profits after Alcoa Inc's earnings missed estimates and Chevron Corp joined companies issuing profit warnings.
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Economists cut 2008 forecasts for U.S. growth

U.S. economists have chopped their forecasts for 2008 economic growth for a third straight month, saying the housing slump will be deeper and last longer than earlier expected, a survey released on Wednesday showed.

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