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Apr.07
5:06 PM ET
Monday, 7 Apr 2008
Earnings: Get Ready For Some Disappointments

A rally in commodities and financials was halted midday as Arch Coal [ACI  Loading...      ()   ]gave guidance for the full year that disappointed investors. It was a reminder that the upcoming earnings season was likely to provide a fair share of disappointments. This was confirmed after the close, when aluminum giant Alcoa [AA  Loading...      ()   ]also reported earnings that were below expectations; futures are down about 5 points.

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