Dow drops 134 points after $3m profit warning

A corporate profit warning and record oil prices overshadowed a benign jobs creation report and sent stocks sharply lower in the United States today.

Fri, 07 Jul, 2006 - 22:42

A corporate profit warning and record oil prices overshadowed a benign jobs creation report and sent stocks sharply lower in the United States today.

Investors were worried that the economy was cooling too quickly and the Dow Jones industrials shed 134 points as stocks ended the week with a loss.

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CourtsBusinessHeathrowPlace: United StatesPerson: Joseph BattipagliaPerson: Bill GroenveldOrganisation: DowOrganisation: Labor DepartmentOrganisation: Wall StreetOrganisation: 3M CoOrganisation: Ryan Beck & Co.Organisation: New York Mercantile ExchangeOrganisation: Standard & PoorOrganisation: NasdaqOrganisation: Federal ReserveOrganisation: FedOrganisation: vFinance InvestmentsOrganisation: S&POrganisation: 3MOrganisation: Intel Corp.Organisation: Starbucks Corp.Organisation: StarbucksOrganisation: General Motors Corp.Organisation: Renault SAOrganisation: Nissan Motor Co.Organisation: New York Stock Exchange
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