U.S. Stocks Retreat as Economic Slump Spurs Profit Concerns

Source: Bloomberg.com
U.S. stocks fell and the Standard & Poor’s 500 Index retreated below its lowest closing level since 2003 on a jump in jobless claims and a worsening outlook for industrial and technology companies.
General Electric Co. dropped below $15 for the first time since 1996 after Citigroup Inc. said the company faces earnings “headwinds.” [...]

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