Caterpillar’s China Warning Sends Dow Tumbling 310 Points

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    Caterpillar’s China Warning Sends Dow Tumbling 310 Points

    The U.S. stock market is in firm retreat Monday morning after Dow blue-chip Caterpillar Inc. (CAT) warned of no sales growth in China. Dow Jones Pivots Lower All of Wall Street’s major indexes registered sharp losses through the morning, mirroring a volatile pre-market session for Dow futures. The Dow Jones Industrial Average tumbled as much as 401 points before paring losses later in the morning. At last check, the blue-chip index was off 310 points, or 1.3%, at 24,427.41. The broad S&P 500 Index fell 1.1% to 2,635.96. Ten of 11 primary sectors traded in negative territory, led by heavy

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    Original Source: CCN

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    Author: Sam Bourgi