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Stocks Surrender Early Gains

The major averages began the day in positive territory following strong retail sales data and another injection of cash by the Central Bank. The averages have experienced little major movement throughout the session and into the close.

Markets Continue to Slide on Growing Credit Concerns

U.S. stocks have plunged the past two days after news from Europe showed the full extent of the credit crunch. Inter-bank rates in Europe shot way above target, causing the European Central Bank to inject billions of dollars in an effort to bring liquidity to cash-strapped markets.

U.S. Stocks Tumble On Credit Concerns

Investors’ fears were brought to life Thursday morning as news surfaced that problems with the U.S. subprime mortgage crisis have spilled over into Europe. Markets on both sides are taking a hit as investors grapple with the ripple effects from a deeply troubled U.S. lending market.

Bulls Take Control; Cisco Earnings Rise 25%

Bulls took control this morning on the back of Cisco Earnings and after Fed comments yesterday that assured them the economy will continue to grow as forecast. Cisco reported quarterly profit that grew by 25% and raised its revenue for next year. Shares added 5.7%.