(Reuters) - NEW YORK, July 20 - U.S. stocks tumbled on
Friday, battered by disappointing results from bellwether
stocks such as Caterpillar Inc. and Google Inc.
, and worry that fallout from the risky subprime
mortgage market may spread.
Caterpillar, the heavy equipment maker, said quarterly
earnings fell more than expected due to a sharp drop in truck
engine sales and weakness in North American construction. For
details, see [ID:nL20191126]. Its shares slid more than 6
percent.
Read more at Reuters.com Bonds News
Friday, battered by disappointing results from bellwether
stocks such as Caterpillar Inc. and Google Inc.
, and worry that fallout from the risky subprime
mortgage market may spread.
Caterpillar, the heavy equipment maker, said quarterly
earnings fell more than expected due to a sharp drop in truck
engine sales and weakness in North American construction. For
details, see [ID:nL20191126]. Its shares slid more than 6
percent.
Read more at Reuters.com Bonds News
No comments:
Post a Comment