U.S. stocks extend losses, Philip Morris weighs

Newswire

(Updates to early afternoon, changes byline) NEW YORK, Sept 27 (Reuters) - Blue chips extended losses on Friday as investors worried about sagging corporate profits after cigarette maker Philip Morris Cos. Inc. became the latest high-profile company to slash its profit outlook. Technology stocks erased gains, sliding into negative territory in early afternoon trading. "We still have earnings problems, economic growth problems and international problems -- and until those get ...

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