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MARKET SNAPSHOT: U.S. Stocks Slip; EBay, UnitedHealth Disappoint

U.S. stocks fell for a second consecutive session Thursday as the busiest day yet for first-quarter earnings yielded disappointments from online auctioneer eBay Inc. and insurer UnitedHealth Group Inc.The S&P 500 index (SPX) lost 10.40 points, or 0.7%, to 1,541.61, with technology pacing losses and telecommunications faring best of its 10 major sectors.Looking at the 83 S&P 500 companies that have reported so far, there is "positive growth, but the rate of year-over-year quarterly earnings growth has decelerated, so it's creating a little bit of a growth scare. I think it's going to prove temporary," said Nick Raich, CEO at The Earnings Scout."It seems we have a seasonal, or cyclical, soft patch between the first and second quarters. I'm a little cautious because of the emerging markets and commodities prices," said Raich.If those fall too far or too fast, what is now viewed as a temporary lull could prove longer lasting, he added.The Dow Jones Industrial Average (DJI) fell 81.45 point...

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  1. Market Wrap for Thursday, April 18: Market Pullback Continues; Dow Loses 81

    The stock market recorded losses for the third day this week as a couple of economic reports showed that the economy may be slowing.The Conference Board's Index of L...

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  7. SK Hynix Swings to Profit on Chip Demand for Mobile Devices

    SK Hynix Inc. (000660.SE) said Wednesday it returned to profit in the fourth quarter on strong demand for chips used in mobile devices, a trend the company expects w...

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