Eurozone Drags Down Indices for Third Day on Tuesday, Apple Files Against Samsung

Tuesday marked the third day in a row for global market and US indices declines. The euro, which had already hit a two-year low, fell even further. Eurozone worries mount as weak data is revealed from Germany and Greece about their debt. Many are concerned that the stronger countries will not or may not be able to help in the long run. Apple Inc. (AAPL) and Samsung have filed patent infringement claims and UPS (UPS) has lowered their year outlook. Manufacturing in the US for the month of July was reported as contracting sharply. On a positive note, AT&T (ATT) posted an 8.7% increase in their quarterly earnings with higher smartphone sales.

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Published on Jul 24, 2012
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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