U.S. Stocks Close Flat on Global Growth Worries
- 12 years ago
Wall Street ended flat on Monday as worries about slower global growth hitting corporate sales were offset by earnings that beat expectations.
Caterpillar’s (CAT.N) stock fell early after it cut profit and revenue guidance but the Dow component ended up 1.5 percent at $85.08.
Caterpillar also slashed its 2012 forecast for the second time this year due to slowing global demand.
Global stocks fell from weak corporate results while the euro gained after Spanish Prime Minister Mariano Rajoy's People’s Party retained an absolute majority in the parliament of his home region of Galicia on Sunday.
Caterpillar’s (CAT.N) stock fell early after it cut profit and revenue guidance but the Dow component ended up 1.5 percent at $85.08.
Caterpillar also slashed its 2012 forecast for the second time this year due to slowing global demand.
Global stocks fell from weak corporate results while the euro gained after Spanish Prime Minister Mariano Rajoy's People’s Party retained an absolute majority in the parliament of his home region of Galicia on Sunday.