Tuesday, April 21, 2009

Wall Street Dropped Again At The Opening (April 21, 2009)

U.S. stock market dropped again for the second day due to the companies' miserable first quarter earnings.

Caterpillar announced its first quarter loss of around $ 112 million (19 cents per share). This was its first loss since 1992, whereas the company earned $922 million ($1.45 per share) on its last year's first quarter.

Merck announced its first quarter profit of around $1.46 billion (67 cents per share). For information, its last year's first quarter profit was $3.33 billion ($1.52 per share).

But despite experienced a drop at the opening, now the stock market have increased again (at the time this article was written)..

Stay alert!


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