Tuesday, May 8, 2007

U.S. Stock-Index Futures Retreat on Earnings; Tyco, CVS/Caremark Decline

(Bloomberg) -- U.S. stocks fell after earnings from Tyco International Ltd. and CVS/Caremark Corp. raised concern profits aren't climbing fast enough to sustain the stock market's five-week rally.

Tyco, the world's biggest maker of electronic connectors and security systems, dropped after reporting an earnings decline. CVS/Caremark, the second-largest U.S. drugstore chain, retreated after net income last quarter failed to top analysts' estimates.


Read more at Bloomberg Stocks News

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