Stocks End Lower; Caterpillar, Microsoft Disappoint - Yahoo Finance - roseqcoc's Blog
Stocks End Lower; Caterpillar, Microsoft Disappoint - Yahoo Finance
The S&P 500 ( ^GSPC ) dropped 27.53 points, or 1.3 percent, to 2,029.56, with technology and industrials the leading laggards among its 10 major sectors. The Nasdaq ( ^IXIC ) shed 90.27 points, or 1.9 percent, to 4,681.50. On the New York Mercantile Exchange,gold futures for February (CEC:Commodities Exchange Centre: @GC15G) rose $12.30, or 1 percent, to close at $1,291.70 an ounce. Oil futures rose $1.08 at $46.23 a barrel.
STOCKS GET CRUSHED: Here"s What You Need To Know - Yahoo Finance
Stocks were in sell-off mode Tuesday, led by disappointing earnings from several blue chips and negative economic data. All major U.S. indices were trading in red territory right out of the gate, and posted across-the-board losses for the day. The Dow closed down 287 points, the S&P 500 lost 27 points and the Nasdaq lost 90 points. The Dow plunged 390 points at its low.
Stocks Are Getting Crushed - Yahoo Finance
Google Finance Stocks are still taking it on the chin, though losses have eased a bit in early afternoon trading. Near 1:00 pm ET, the Dow was down 277 points, the S&P 500 was down 22 points, and the Nasdaq was down 72 points. Earlier, the Dow and Nasdaq had been down more than 2%. The big news weighing on the Dow is from Caterpillar and Microsoft. Caterpillar on Tuesday morning gave a really downbeat outlook for the global economy in 2015 as its earnings missed expectations and the company gave a revenue outlook for 2015 that was about 10% below Wall Street expectations. In early trade on Tuesday, shares of Caterpillar were down as much as 7%. Microsoft shares were also weighing on the Dow, falling more than 9% shortly after the bell after the tech giant last night gave a gloomy outlook for 2015, cutting estimates to "reflect a significantly more challenging transition ahead." Economic data on Tuesday was also disappointing, with December"s durable goods orders report showing that orders fell 3.4% against expectations for an increase od 0.3%. November"s report was also revised lower. The Case-Shiller report on home prices showed prices rising, but at a slower pace than a year ago, and in the Case-Shiller release, David Blitzer said, "Prospects for a home run in 2015 aren"t good." Consumer confidence data , however, came in at its highest level since August 2007 and new home sales came rose 11.6% in December to an annualized pace of 481,000. More From Business Insider
Stocks Tumble On Disappointing Earnings, Data - Forbes
Caterpillar also had a terrible earnings report before the market opened, reporting adjusted profit that beat expectations but saying that in 2015, revenue would come in about 10% below where Wall Street had been expecting. The company"s comments on 2015 were also best stocks to wn 4/1/13 generally downbeat, with Caterpillar saying, " We expect world economic growth to only improve modestly in 2015. 3. After Monday"s close, Dow member Microsoft also had a worse-than-expected outlook on the year ahead, with the tech giant saying that it expects to have a generally tough road ahead of it.