Earnings Misery Sinks Stocks
Dupont fell by 9% after the chemical giant reported a decline in fourth quarter earnings and said it would cut 1,500 jobs. The damage was much more severe in Radio Shack during the morning, but the stock turned around and closed 7.5% higher, despite swinging to a third-quarter loss.
Source: http://www.forbes.com/sites/greatspeculations/2012/10/23/earnings-misery-sinks-stocks/
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