Discouraging day for US stocks

A string of reminders that the US economy is still struggling, as well as disappointing earnings at Exxon Mobil upset investors today and pushed stocks sharply lower.

Discouraging day for US stocks
Fri, 02 Aug, 2002 - 00:00

A string of reminders that the US economy is still struggling, as well as disappointing earnings at Exxon Mobil upset investors today and pushed stocks sharply lower.

The Dow Jones industrials tumbled nearly 230 points, its first triple-digit loss in nearly two weeks.

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CourtsHeathrowPlace: USPerson: Richard DicksonPerson: DicksonOrganisation: Exxon MobilOrganisation: Hilliard LyonsOrganisation: DowOrganisation: NasdaqOrganisation: Securities and Exchange CommissionOrganisation: Commerce DepartmentOrganisation: Institute for Supply ManagementOrganisation: Royal DutchOrganisation: Merrill LynchOrganisation: Dow industrial American ExpressOrganisation: Adobe SystemsOrganisation: UBS WarburgOrganisation: Goldman SachsOrganisation: AdobeOrganisation: IBMOrganisation: OracleOrganisation: New York Stock Exchange
<p>Cork-founded information and communication technologies company PFH Technology has posted turnover of €178.5m, up 18% on the previous year, with operating profits increasing to €19.8m.</p>

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