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Western Digital Cuts 1Q Revenue Outlook

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  • Description

    FBN's Tracy Byrnes breaks down afternoon market news.

  • Duration 0:57
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We've -- business street well stocks are higher for a second straight day.

The -- 500 contract for -- four day winning streak.

Investors are continuing to -- the Federal Reserve's aggressive new stimulus plan to drive job creation in the US.

The plus side shares of Western Digital are under pressure this after the hard disk drive maker slashed its revenue outlook for the fiscal first quarter due to -- demand.

The positive note no question digital initiated a quarterly dividend and raised his stock buyback program by one and a half a billion dollars.

And Home Depot is closing its last seven big box stores in China and instead focus on Internet based sales as -- -- stores.

-- are facing pressure in China where the slowest economic growth in three years is affecting consumer spending.

And that's the latest from the Fox Business Network giving you the power to prosper.

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