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Article: World stocks retreat on US corporate concerns
- Article from:
- AP Worldstream
- Article date:
- January 12, 2009
- Author:
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World stock markets fell Monday as investors braced for the latest U.S. earnings season amid fears the financial crisis and the recession are hurting corporate profits more than previously expected.
The FTSE 100 index of leading British shares closed down 22.35 points, or 0.5 percent, at 4,426.19, while Germany's DAX fell 64.27, or 1.3 percent, to 4,719.62. France's CAC-40 dropped 53.38 points, or 1.6 percent, to 3,246.12.
In the U.S., the Dow Jones industrial average fell 125.21 points, or 1.46 percent, to end at 8,473.97. Broader stock indicators also declined, with the Standard & Poor's 500 index shedding 20.09, or 2.26 percent, to 870.26, and the Nasdaq composite index ...