As more disappointing quarterly earnings reports came in today, and even more expected throughout the week, Dow futures got knocked down a notch once again in the U.S. stock market on Tuesday.

An hour before the opening bell rang, Dow Jones Industrial Average had dropped by 33 points, or 0.3 percent, to 11,268. Since then, Dow futures dropped an additional 34 points at 11,234.

Some of the decline can be attributed to earnings reports that have been coming in – and anxious anticipation of additional reports throughout the week – but much of the anxiety stems from the ongoing financial woes in Europe.

On Monday, Moody’s Investor Service announced that it was considering downgrading France’s stellar, triple-A credit rating in the next three months in light of the ongoing credit problems. France’s finance minister warned on Monday that France’s economy may grow at a slow pace over the next year, putting pressure on corporations to pick up the slack.

Additionally, there are concerns that the Greek government will miss a payment on its bonds, causing an even bigger impact on the banks who hold the bonds and, as a result, damaging the already-struggling European economy even further.

The stock market may get some form of relief, albeit a small one, tomorrow, as Apple and Intel are expected to release their third quarter earnings reports after the market closes.

Source: AP

Dow futures fall as Europe continues to slip, 3Q results disappoint is a post from: The Inquisitr

America may not have defaulted on debt obligations but following the announcement of a debt ceiling deal investors didn’t feel all warm and fuzzy, pushing the Dow Jones down by 266 at the end of Tuesday trading, an eight-straight day of losses.

The Dow fell by 2.2% on Tuesday to 11,867, while the S&P 500 slid 32.9 points and the Nasdaq lost 2.8% of it’s value with a 75.4 point slide.

The slide was put further into perspective when realizing that 90% of the volume on the New York Stock Exchange occurred due to declining stocks.

The eight days of loses which has caused a slide of  858 points is the longest downturn in the economy since the housing bubble burst three years ago.

The sharp decline is also partly to blame on a sharp decline in U.S. manufacturing while data released on Tuesday found that consumer spending fell in June, the first decline in two years.

The market could turn around on Friday if monthly employment numbers are up. The economy is expected to add 57,000 jobs which would put the unemployment rate at 9.2% for the month of July.

Dow Jones Takes 266 Point Stumble Amidst Economic Woes is a post from: The Inquisitr

Some of the site’s early findings include the idea that smaller community banks may be the preferable choice for Australians, compared to the big corporate entities. Mozo’s research indicates Bendigo Bank ranked most favorably of all. The site also found regional banks were rated as “most trusted.” Commonwealth and NAB, on the other hand, got the unfortunate honor of being the least favorite financial institutions in all of Australia.

This site couldn’t be launching at a better time — and, most significantly, it’s free for end-users. Mozo has seven employees on its staff and is based in Sydney.

Mozo Wants to Make Money Management Easier is a post from: The Inquisitr