Stocks slumped after the IMF forecast weaker world economic growth, 3.3% this year and 3.6% next year, and investors braced for lower profits. Analysts expect the first decline in nearly three years in S&P 500 earnings. Only energy stocks kept the market from closing even lower; oil jumped on supply concerns in the Middle East and North Sea.
Street dwells on slow growth, weak profits
October 10, 2012
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