Caterpillar

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Industrial Firms Lead Recovery
 Industrial Firms Lead Recovery 
MARKETS

Industrial Firms Lead Recovery

(Newser) - Stocks rebounded from yesterday's miserable day to close with mild gains, MarketWatch reports. Energy and industrial firms did well after yesterday's huge sell-off, but concerns about Lehman Brothers continued to weigh on the financial sector. The Dow closed up 38.19 points at 11,268.92, the Nasdaq rose 18....

Stocks Rise as Oil Drops
 Stocks Rise as Oil Drops 
MARKETS

Stocks Rise as Oil Drops

Price of barrel drops to $126, a 7-week low

(Newser) - Stocks climbed to robust gains by the end of today’s session as a drop in oil helped offset a spread of mixed earning reports, MarketWatch reports. The Dow gained 135.16 points to close at 11,602.50, the Nasdaq rose 24.43 to 2,303.9, and the...

Strong Earnings Propel Rally
 Strong Earnings Propel Rally 
MARKETS

Strong Earnings Propel Rally

Nasdaq up almost 5%, Dow and S&P jump 4% for the week

(Newser) - Stocks rallied to weekly gains today as the markets absorbed last night's strong earnings report from Google and industrial multinationals Caterpillar and Honeywell recorded unexpected first-quarter growth, Bloomberg reports. Google propelled the Nasdaq up 61.14 to close at 2,402.97. The Dow rose 228.87 to 12,849....

Selloff Drives Dow Down 171
Selloff Drives Dow Down 171
MARKETS

Selloff Drives Dow Down 171

Two-day rally snaps on renewed jitters over mortgage crisis

(Newser) - A 2-day rally sputtered today as the Dow fell 171.44 to 12,207.17 on new jitters about a touchy market. Even strong quarterly reports from Microsoft, Caterpillar, and Honeywell couldn’t keep investors buying this morning; said one economist, “The market is still in a very fragile...

Dow Dives 367 on 'Black Friday'
Dow Dives 367 on 'Black Friday'

Dow Dives 367 on 'Black Friday'

(Newser) - Wall Street observed the 20th anniversary of Black Monday with an absolute bloodbath today as the Dow fell a whopping 366.94 points to close at 13,522.02. Wachovia, Caterpillar, and Honeywell led a host of disappointing earnings reports, driving every major index down over 2.5%. The S&...

Market Backs Off Milestone
Market Backs Off Milestone

Market Backs Off Milestone

After flirtation with 14K, reality bites

(Newser) - A week of record highs ended with a thump today as the major markets plummeted after a flurry of disappointing quarterly earnings reports. The Dow, which crested 14,000 yesterday, dropped 149.33 to close at 13,851.08, off more than 1%. The S&P 500, beset by worries...

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