U.S. stocks slide on earnings, financial woes

11:51 am ET Nov 1, 2007

DJIA

13,710

-219.07

S&P

1,523

-25.50

NASDAQ

2,821

-38.08

10Yr

4.36%

-0.114

U.S. stocks slide on earnings, financial woes

NEW YORK
U.S. stocks fell sharply Thursday, with the Dow industrials sliding over
240 points, after Exxon Mobil's worse-than-expected earnings and ongoing
trouble in the financial sector sobered up the market after the euphoria
of the Federal Reserve's rate cut.

The Ratings Game: Citigroup might have to cut dividend to raise capital,
CIBC says

BOSTON
Citigroup in the near term may be required to raise more than $30
billion by either selling off assets, slashing its dividend, raising
capital or resorting to a mix of these measures, analysts at CIBC World
Markets said.

Exxon Mobil's quarterly net income off 10%; revenue up 2.7%

NEW YORK
Exxon Mobil Corp.'s third-quarter income fell 10% as the rising cost of
oil boosted expenses and outpaced any increases in prices that the
petroleum giant could get for its products, financial results showed
Thursday.

Futures Movers: Crude-oil futures fall sharply amid stock decline

NEW YORK
Crude-oil futures fell sharply Thursday, following their record-breaking
climb to more than $96 a barrel in electronic trading, as U.S. stocks
posted steep losses on Wall Street driven in part by oil giant Exxon
Mobil's worse-than-expected earnings.

Election Notebook: Democratic contenders don't embrace Rangel tax plan

WASHINGTON
A Democratic plan to repeal the alternative minimum tax and replace it
with a surtax on Americans earning more than $150,000 a year received
limited support from the party's top presidential contenders in Tuesday
night's debate.