World Shares, Euro Down Sharply on Weak Earnings, Spain Concerns

Date: Oct 23 2012

Filed under: Market News

Euro concerns in Athens, Greece.By Angela Moon

Global shares and the euro fell sharply on Tuesday after a slew of weak U.S. corporate earnings results and credit ratings downgrades of several indebted regions of Spain.

The Dow Jones Industrial Average was down nearly 2.0 percent, on disappointing profits and earnings outlook from large multinational companies including Dupont (DD), 3M (MMM), United Technologies (UTX) and UPS (UPS).

The euro slid to its lowest since October 16 against the U.S. dollar to $1.2972, and last…

World Shares, Euro Down Sharply on Weak Earnings, Spain Concerns originally appeared on DailyFinance.com on 2012-10-23T12:00:00Z.

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