Stock futures fall fater bank of america falls short

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People are tightening their belts and it is going to effect the banks especially people are going to borrow less right now.

Stock futures fall after Bank of America profit falls short

By TIM PARADIS,
AP
Posted: 2008-04-21 07:50:46
NEW YORK (AP) - Stocks headed toward a lower open Monday after a weaker-than-expected profit report from Bank of America Corp. stirred concerns about the health of corporate earnings.

Bank of America's report that first-quarter earnings fell 77 percent on write-downs and widening credit losses stirred some unease among investors after strong gains in the stock market last week. The advance last week came as companies in general turned in better-than-expected numbers for the first quarter.

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