The Dow fell 185 points as the autumn swoon continues. Partly, the slide was due to worries that President Obama and Congress can't cut a deal to fix the fiscal cliff. But other factors were at play.
TSMC is upgraded to 'conviction buy,' and Garmin is downgraded to 'sell.'
China reports a rise in trade balance.
For the rest of 2012, big picture problems -- and particularly the fiscal cliff -- will dominate how financial markets behave, trumping company-specific news.
Management and model matter more to individual companies and their share prices.
Expedia is upgraded to 'buy,' while BJ's Restaurants is downgraded to 'market perform.'
Several headwinds are staring the industrial average straight in the face.
A decline in mining activity worldwide and a drop in purchases by dealers prompts the big machinery maker to lower its 2012 forecast.
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