Earnings misses, subprime woes punish Wall Street

(Reuters) - U.S. stocks tumbled on Friday, battered by disappointing results from such bellwethers as Caterpillar and Google, and more signals that fallout from the risky subprime mortgage market may spread.

The day's losses were big enough to drag the major indexes into negative territory for the week, snapping a three week streak of gains for the Dow, the S&P 500 and the Nasdaq.


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Canada Stocks May Fall on Slowing Chinese Demand; Barrick, Inmet May Fall

(Bloomberg) -- Canadian stocks may fall after China
raised interest rates and U.S. companies, including Google Inc. and
Caterpillar Inc., reported profit below analysts' estimates.

Gold prices in London declined on speculation that the three-
week rally was overdone, given expectations for increased sales
from central-bank reserves. Barrick Gold Corp., the world's biggest
gold producer, and Inmet Mining Corp. may decline, based on bids
submitted to the Toronto Stock Exchange.


Read more at Bloomberg Stocks News

US STOCKS-S&P futures slip after Google, Microsoft

(Reuters) - Microsoft, the world's largest software maker, posted
higher earnings after the closing bell on Thursday, but
personal computer sales did not pay off as much as some
analysts had hoped, sending shares down 2 percent in
extended-hours trading. For details, see [ID:nN19429097].




Google reported earnings that missed expectations due to
increased hiring and a jump in operating expenses, sending its
stock down 7 percent after the bell.


Read more at Reuters.com Bonds News

Stocks seen lower, tech results to weigh

(Reuters) - Shares of Google fell 5 percent in extended trading hours on Thursday as the Internet search company reported disappointing earnings due to the costs of a recent hiring spree and a jump in other operating expenses.




Shares of Microsoft declined 1 percent in extended trading hours after it reported quarterly results that were in line with analysts' estimates.


Read more at Reuters.com Business News

U.S. Stock-Index Futures Fall; Citigroup Drops, Google Tumbles in Europe

(Bloomberg) -- U.S. stock-index futures fell before
Citigroup Inc., the world's biggest financial-services firm, and
Caterpillar Inc., the world's largest maker of earthmoving
equipment, report quarterly earnings.

Citigroup and Caterpillar shares declined in Europe. Google
Inc. tumbled after rising costs at the world's most-popular
Internet-search engine caused second-quarter profit to miss
analysts' estimates.


Read more at Bloomberg Stocks News