Jim Cramer said these two Dow stocks are to be avoided at all costs until the end of the year.» Read More
Stocks are down globally, with the most likely explanation being that stocks are greatly overbought.
NEW YORK, Oct 23- U.S. stocks opened lower on Wednesday, pressured by weak results from Caterpillar Inc and amid concern over tightening financial conditions in China. The Nasdaq Composite Index was down 21.18 points, or 0.54 percent, at 3,908.39. Shares of Caterpillar dropped 5.8 percent to $84.01.
U.S. stock index futures signaled a sharply lower open Wednesday, amid worries over financial conditions in China and as investors digested a mixed bag of corporate earnings.
*Caterpillar falls after results, Boeing up. Two key Dow components highlighted a mixed earnings picture on Wall Street, with Caterpillar shares down 4.5 percent after cutting its full-year earnings forecast, and Boeing up 2.8 percent after raising its outlook for the year.
CHICAGO, Oct 23- Caterpillar Inc posted a lower-than-expected quarterly profit on Wednesday and cut its full-year forecast yet again as weak demand from mining customers continued to bedevil the heavy equipment maker.
Some of the names on the move ahead of the open.
When you lose $11 billion off the top line it's had to recover, says Doug Oberhelman, Chairman & CEO of Caterpillar, breaking down his company's third quarter earnings miss and providing his take on weakness in the mining sector.
CHICAGO, Oct 23- Caterpillar Inc on Wednesday posted a lower-than-expected quarterly profit and cut its full-year forecast yet again as weak demand from mining customers continued to bedevil the heavy equipment maker.
NEW YORK, Oct 23- U.S. stock index futures fell on Wednesday, following four days of record highs on the S&P 500, amid concern over tightening financial conditions in China and weakness in European banks.
Caterpillar posted a lower-than-expected profit and cut its full-year forecast again amid weak demand from mining customers.
Earnings reports from Boeing and dozens of other major companies could set the course for stocks Wednesday, as the Dow reaches for new highs.
Oct 22- U.S. companies borrowed less to spend on capital investment last month, the Equipment Leasing and Finance Association said. Washington- based ELFA, a trade association that keeps track of economic activity for the $725 billion equipment finance sector, said credit approvals totaled 77.3 percent in September, down from 79.1 the previous month.
What to expect from the earnings data of Apollo Group, Caterpillar and Panera, with CNBC's Dominic Chu, Herb Greenberg and Mary Thompson.
*Asia, Latin America among the once-hot regions now suffering. CHICAGO, Oct 22- Caterpillar Inc released unaudited dealer sales data on Tuesday- one day ahead of its scheduled third-quarter earnings- that showed continued weak demand for its machinery and engine products.
CHICAGO, Oct 21- When the Obama administration unveiled new emission regulations for coal-fired power plants earlier this year, the National Association of Manufacturers blasted the proposed rules, saying they would hurt its members "twice"- as energy users and as polluters "next in line" for such rules.
Are consumers still buying Big Macs? Results this week from McDonald's and other companies should tell investors a lot about consumer spending.
Fasten your seatbelts. With earnings season in full swing, the US will also release a wave of economic reports delayed by the shutdown, including the jobs report.
NEW YORK, Oct 18- A U.S. data clog will begin to clear next week and payrolls figures will land just as more than one-quarter of S&P 500 companies report earnings. The S&P 500 closed Friday at 1,744.50, an all-time high, making it safe to say the bulls are in control on Wall Street.
Cramer expects earnings to take center stage in the week ahead. And what a week it will be.
Which earnings data matters most to your money? Ian Winer, Wedbush Securities, and Chris Konstantinos, Riverfront Investment Group, discuss what they're watching.