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Article: The Atlanta Journal and Constitution Wall Street Column.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- June 27, 2001
CopyrightCOPYRIGHT 2001 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Tom Walker, The Atlanta Journal and Constitution Knight Ridder/Tribune Business News
Jun. 27--Investors find out today if the Federal Reserve cuts interest rates by half a percentage point or a quarter point. Either way, the cut is not likely to do much for the stock market near term.
That's because corporations begin next week releasing second-quarter financial reports. Based on the barrage of profit warnings in June, there's not much to look forward to.
On Tuesday, Merrill Lynch (MER), the largest brokerage firm, stunned traders early by warning that its second-quarter profit won't be nearly as robust as previously expected.
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