Stocks Fall After Outlook Slashed With Caterpillar (CAT) and Research In Motion (RIMM) On The Move
Posted on April 18, 2011 at 16:23 PM EDT
Closing out the day... Stocks suffered heavy losses after Standard & Poor's cut its outlook on the U.S. government, warning that the U.S. fiscal profile may become "meaningfully weaker" than that of other triple-A-rated countries if policy makers can't tame the budget deficit. The ratings firm cut its outlook on U.S. government debt to "negative" from "stable," to account for budget deficits and rising government indebtedness. The dimmer debt outlo...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)
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