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Asia stocks slide after Wall Street losses, oil drops on glut concerns

A man looks at an electronic board showing the Japanese yen's exchange rate against Euro outside a brokerage in Tokyo, JapanAsian shares tumbled in early trade on Wednesday, following in the footsteps of Wall Street, which pulled back on disappointing earnings, while the dollar inched down from a seven-month high and oil prices slid. MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.3 percent. Japan's Nikkei lost 0.2 percent, while South Korea's KOSPI dropped 0.8 percent and Australia fell 1.4 percent.

Wall St. slips on earnings; Apple falls late after results

A woman passes by the New York Stock Exchange during the morning commute in New York CityApple , the largest U.S. company by market capitalization, posted after the bell better-than-expected iPhone sales that however continued a declining trend and shares fell about 2 percent, briefly dragging S&P 500 futures to session lows. Sherwin Williams' outlook also disappointed Wall Street and shares fell 10.9 percent to $247.61. "Lackluster results from Whirlpool and Sherwin Williams may indicate a slowing in the housing cycle," said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh.

World markets lose steam, oil falls; US earnings mixed

US markets posted slight declines with some big name companies reporting earningsNew York (AFP) - Global stock markets lost steam Tuesday amid a deluge of US corporate earnings reports showing mixed results, as well as solid German economic data, while oil dropped below the psychological $50 level.

Red ink will rule, but optimism in the oilpatch as earnings released

Precision Drilling announced some full-on good news last week with itsthird-quarter earnings. Precision Drilling employed4,337 people at the end of 2015, as compared with 7,834 a year earlier. In a conference call with analysts, Precision's chief executive Kevin Neveu said that sentiment in the industry was the best he had seen in two years.

Wall Street slips on earnings; Apple falls late after results

Traders work on the floor of the NYSENEW YORK (Reuters) - U.S. stocks slipped from two-week highs on Tuesday as results and forecasts from companies in sectors including housing and consumer products failed to live up to expectations.

Consumer stocks fall as Whirlpool, GM and others skid

FILE - This Jan. 4, 2010, file photo shows an historic marker on Wall Street in New York. Stocks opened slightly lower on Wall Street, Tuesday, Oct. 25, 2016, as some companies issue disappointing earnings and forecasts. (AP Photo/Mark Lennihan, File)NEW YORK (AP) ? Shaky results from consumer companies dragged the U.S. stock market lower on Tuesday as shares of well-known names like appliance maker Whirlpool and athletic apparel maker Under Armour suffered their worst declines in years.

General Motors beats earnings expectations; investor fears linger

Cars are seen inside the General Motors Corp world headquarters in DetroitGM's quarterly results zoomed past analysts' forecasts. Ford Motor Co shares fell 1.6 percent to $11.85, and supplier Delphi Automotive PLC fell 1.6 percent. GM Chief Executive Mary Barra told analysts on Tuesday "we are working hard to make sure the core business is operating in a very disciplined fashion" while the company invests in future technology such as self-driving cars.

U.S. stocks slip on earnings, dollar off highs

Traders work on the floor of the NYSEBy Hilary Russ NEW YORK (Reuters) - U.S. stocks fell on disappointing earnings reports on Tuesday, while the U.S. dollar slipped from multi-month highs after Chancellor Governor Mark Carney cast doubt on expectations for more monetary stimulus. Oil prices fell more than 1 percent, with U.S. crude breaking below $50 per barrel for a second straight day, ahead of weekly data that could show a build in inventories. On Wall Street, nine of the eleven sectors in the benchmark S&P 500 stock index closed lower, with housing and consumer products companies among those failing to live up to forecasts on third-quarter earnings.

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