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U.S. Stocks Fall On Earnings

2013-01-18 4 Dailymotion

<p>U.S. stocks fell modestly on Friday, a day after the S&P 500 rose to its highest level in five years, as a weak outlook from Intel was weighed against encouraging data out of China and a fourth-quarter profit at Morgan Stanley .<br /><br />Shares of Intel (INTC.O) fell just over 6 percent to $21.30 after the tech company forecast quarterly revenue that was below analysts' estimates and hiked capital spending plans for the year.<br /><br />The Dow Jones industrial average .DJI edged up 8.02 points, or 0.06 percent, at 13,604.04. The Standard & Poor's 500 Index .SPX slipped 1.20 points, or 0.08 percent, to 1,479.74. The Nasdaq Composite Index .IXIC lost 7.52 points, or 0.24 percent, to 3,128.48.</p>

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