WKYT | Lexington, Kentucky | News

Further stock losses expected

NEW YORK (AP) - Stocks are expected to extend their losses as more disappointing earnings and economic news flows in.

Cisco Systems Inc. has added to investors' anxiety by reporting revenue figures that fell short of forecasts.

The market's view of the economy keeps growing darker after the Federal Reserve lowered its assessment of the recovery on Tuesday. Stocks dropped sharply Wednesday and sent the Dow Jones industrial average down 265 points.


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