Dow sheds 125 points to below 13,000. Weak economic data out of Japan, South Korea and Europe put the focus back on international issues. US retailers report generally better-than-expected sales, while jobless claims remain flat.
Advances in biotech research should alleviate concerns about the widespread use of genetically modified seeds.
The company was particularly hurt by weakness and uncertainty in Europe.
Stocks slide as US companies continue to indicate caution with their guidance and Moody's signals worries about more debt fallout in Europe.
The iPhone maker is set to report earnings after the closing bell, while the telecommunication giant reports higher second-quarter profit.
One of the stronger long-term stocks has sharply lowered its guidance, which means we could see a rash of it over the next few weeks.
Cirrus Logic is downgraded to 'perform,' and Infosys is upgraded to 'buy.'
If more quantitative easing comes to pass, these stocks might be ideally positioned.
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