Wall Street Turns To Fundamentals, And The Picture Sours

wochit business
October 17, 2013 AT 8:35 AM
By Rodrigo Campos and Julia Edwards NEW YORK (Reuters) - It's back to basics on Wall Street after the default debacle was kicked down the road, but in the early going after that cloud was lifted, investors have found corporate America's numbers wanting. Just as the market breathed a sigh of relief as a debt-limit agreement was reached on Wednesday evening, it was socked in the jaw by earnings from Dow component IBM . Big Blue, as it is commonly known, was joined by a pair of underwhelming results from fellow Dow members Goldman Sachs Group Inc and UnitedHealth Group Inc . ...