US stock futures point to steady start on Wall St

(Reuters) - The Standard & Poor's 500 staged its biggest weekly
fall in four weeks last week, driven in part by earnings misses
from Caterpillar and web search firm Google , which
fanned fears among investors who are already wary of the impact
of the melt-down in the subprime market on the economy.




By 0943 GMT in Europe, September S&P 500 futures were
up 0.1 percent, while Dow Jones futures rose 0.1 percent
and Nasdaq 100 futures were virtually flat.


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Japan Stocks May Drop on U.S. Earnings, Election Concern; Komatsu May Fall

(Bloomberg) -- Japanese shares may decline, paced by
companies that rely on the U.S. market, after Caterpillar Inc.
said its profit dropped on lower North American sales. Exporters
such as Honda Motor Co. and Komatsu Ltd. may fall.

Investors may also refrain from betting heavily on stocks
before the Upper House election, which will be held on July 29.
The Nikkei newspaper reported yesterday Japan's ruling coalition
may lose its majority in the election, citing its own poll.


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Stock bull riders eye home sales, earnings

(Reuters) - A sharp drop in shares of equipment-maker Caterpillar Inc. on Friday showed just how badly a stock can be hurt when there is an earnings shortfall. The company reported an earnings decline that was greater than expected. The stock fell 4.4 percent and spoiled the Dow's day.




Despite Caterpillar's problems, multinational corporations have been in a position to benefit from stronger economies overseas.


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US STOCKS-Indexes slide on earnings misses, subprime

(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.


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US stock indexes open down as earnings disappoint

(Reuters) - U.S. stocks opened lower on Friday after disappointing results from Caterpillar Inc. and Google Inc.

The Dow Jones industrial average was down 58.45 points, or 0.42 percent, at 13,941.96. The Standard & Poor's 500 Index


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U.S. Stocks Retreat on Drop in Durable Goods Orders; Caterpillar Declines

(Bloomberg) -- Most U.S. stocks fell for a fourth
day after a government report said orders for durable goods
declined more than forecast and concerns lingered that banks
face further losses in bonds tied to mortgage loans.

Caterpillar Inc., the world's biggest maker of earthmoving
equipment, dropped the most in four months. Countrywide
Financial Corp., the largest U.S. mortgage lender, helped push
financial shares to the lowest since April.


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US stock indexes soar on bond yields' retreat and data

(Reuters) - U.S. stocks jumped on Wednesday, as lower bond yields triggered a rebound in utilities and other shares sensitive to interest rates, while signs of strength in the economy reassured investors.

The Dow posted its best day since July after data signaled strength in U.S. consumer spending and a Federal Reserve report showed no increase in wage pressures while the economy grew last month. That helped lift the shares of industrial companies like 3M and Caterpillar Inc., which also raised its dividend.


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U.S. Stock-Index Futures Decline; Caterpillar, Alcoa Shares Fall in Europe

(Bloomberg) -- U.S. stock-index futures dropped
before economic reports later this week that may provide clues
about the Federal Reserve's next move on interest rates.

Caterpillar Inc., the world's biggest maker of earthmoving
equipment, and Alcoa Inc., the second-largest aluminum producer,
declined. Shares of Boeing Co. climbed in Europe after the
world's second-largest maker of commercial aircraft won an order
valued at about $3 billion from OAO Aeroflot.


Read more at Bloomberg Stocks News