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. inventory market is in agency retreat Monday morning after Dow blue-chip Caterpillar Inc. (CAT) warned of no gross sales development in China. Dow Jones Pivots Lower All of Wall Street’s main indexes registered sharp losses by way of the morning, mirroring a risky pre-market session for Dow futures. The Dow Jones Industrial Average tumbled as a lot as 401 factors earlier than paring losses later within the morning. At final verify, the blue-chip index was off 310 factors, or 1.three%, at 24,427.41. The broad S&P 500 Index fell 1.1% to 2,635.96. Ten of 11 major sectors traded in adverse territory, led by heavy

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