Financial Times FT.com

Wall St slides ahead of earnings season

By Kiran Stacey in New York

Published: July 7 2009 13:54 | Last updated: July 7 2009 22:07

US stocks fell to their lowest levels in two months on Tuesday as investors sold shares ahead of the start of the second-quarter earnings season.

Confidence in the economic recovery was knocked by talk of a potential second government stimulus plan after Laura Tyson, an economic adviser to president Barack Obama, and House Democratic leader Steny Hoyer both suggested there could be merits to such a package.

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