Wednesday Market Update
James | Apr 08, 2009 | Comments 2
Wednesday markets look like they will follow the recent trend and will we see a third consecutive day of U.S. indexes going lower. Amid all this crisis investors have lost faith recently with many U.S. companies to continue to report dismal earnings to go along with crude oil falling below $50 a barrel to $48. We saw the first sign of what should be weak earnings forecasts to come when Alcoa (AA) reported bad earnings sending there share price lower and causing concerns about whether the company has enough private equity on hand. Asian indexes are down with little faith in earnings reports for U.S. companies. Looks like another bad day on Wall Street.
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Filed Under: Commodities | Emerging Markets | Energy • Featured
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Tom
