U.S. stocks set to sag; GE, Philip Morris drop

Newswire

By Denise Duclaux NEW YORK, Sept 27 (Reuters) - Stocks are set to sag at Friday's open after sour investment calls on conglomerate General Electric Co. and a dire outlook from cigarette leader Philip Morris Cos. Inc. aggravated deep-seated worries over corporate profit growth. "We still have earnings problems, economic growth problems and international problems -- and until those get straightened out the market is not going to do anything," said James Volk, managing director of equity ...

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