March 11 (Bloomberg) — Japanese stocks dropped for a second trading day after Morgan Stanley cut earnings estimates for U.S. banks and said they may post further writedowns, deepening concern global financial companies will incur more losses.
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Gold, bonds up on Bhutto, weak data; stocks drop
NEW YORK (Reuters) - Gold and government bond prices rose while U.S. stocks slid on Thursday as news of the assassination of Pakistani opposition leader Benazir Bhutto, combined with mostly weak U.S. economic data, increased investors' demand for safe-haven assets.
June could be crazy month for stocks
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