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Re: blasher post# 10318

Tuesday, 07/17/2012 8:56:57 AM

Tuesday, July 17, 2012 8:56:57 AM

Post# of 10364
Consumers kept a tight grip on their wallets for a third straight month as concerns about slower job creation, stalled global growth and the European debt crisis loomed. The mood was also gloomy as worries about a slowdown in China were heightened over the weekend after Prime Minister Web Jiabao said his country's economic troubles will continue. Investors also kept a close eye on earnings reports. Citigroup kicked off the busy week by topping analysts' forecasts, even as its quarterly revenue fell short of estimates. Shares of Yahoo rose more than 2% in after-hours trading after the company named Google executive Marissa Mayer as its new CEO.

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