Business Services Industry
Stock Markets Give Mixed Performance Despite Microsoft's Earnings Forecast.
Knight Ridder/Tribune Business News, July, 2001
By Janet Kidd Stewart, Chicago Tribune Knight Ridder/Tribune Business News
Jul. 21--Stocks stepped lower Friday as investors wrestled with conflicting signals of what lies ahead for financial markets.
In one corner are the more than 800 companies that had warned Wall Street before they announced second-quarter earnings that the results wouldn't measure up to often-diminished expectations--and many others who have said that business is so uncertain they can't make accurate projections even for the near term.
In the other are investors encouraged that most surprises in results released so far have been positive, and that more signs are pointing to an economic turnaround ahead, albeit later than initially thought. Despite a slew of lower...
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