By  on July 11, 2007

NEW YORK — U.S. stock markets tumbled on Tuesday, propelled partly by lowered earnings guidance from Sears Holdings Corp.

Sears said in a statement that second-quarter profit would drop to between $160 million and $200 million, or $1.06 to $1.32 per diluted share, including a gain of $12 million, or 8 cents, because of a bankruptcy settlement and investments. That compares with $294 million, or $1.88 per diluted share, in the year-ago period.

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