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US futures and Asian shares slip after a wild day on Wall St ends with a whimper
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KOB.com
Shares slipped Friday in Asia after a day of dramatic swings on Wall Street that included Microsoft’s worst drop in nearly six years.
The CEO of Indonesia’s stock market, Imam Rachman, resigned Friday “As part of a commitment toward recent market conditions,” the exchange said in an announcement.
Companies are under pressure to deliver solid growth in profits following record-setting runs for their stock prices.
Stock prices tend to follow the path of corporate profits over the long term, and earnings need to rise to quiet criticism that stocks have grown too expensive.
Oil prices slipped after jumping more than 3% on Thursday due to worries about tensions between the United States and Iran, which could ultimately constrict the flow of crude.