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Wall Street tumbles on worries about corporate profits

Por: Los Angeles Times Business January 25, 2023

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Wall Street is tumbling Wednesday on worries about how badly corporate profits will get hit by a slowing economy following a mixed set of earnings reports and forecasts from Microsoft and others. The Standard & Poor's 500 was 1.5% lower in morning trading, on pace for a second step down after reaching its highest level in seven weeks on Monday. The Dow Jones industrial average was down 415 points, or 1.2%, at 33,319, as of 10:45 a.m.... + full article



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