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Stock impact report

Dow drops 450 points, Caterpillar slides 8% [MSNBC.com]

Caterpillar, Inc. (CAT) 
Last caterpillar, inc. earnings: 4/28 06:30 am Check Earnings Report
US:NYSE Investor Relations: caterpillar.com/en/investors.html
Company Research Source: MSNBC.com
Dow drops 450 points, Caterpillar slides 8%Published Sun, Apr 12 2020Updated 43 min agoFred Imbert@foimbertVIDEO0:0100:01Investors should go up in quality, sell weaker ones: Mohamed El-ErianSquawk BoxStocks fell on Monday, giving back some of the sharp gains from the previous week, as investors continued to weigh the coronavirus outlook along with a historic oil production cut.TheDow Jones Industrial AverageS&P 500Nasdaq CompositeCaterpillar was the worst-performing stock in the Dow, falling more than 8%. The stock was pushed lower by a downgrade from a Bank of America analyst. Financials and real estate led the S&P 500 lower, with both sectors trading more than 3.5% lower."The market is digesting some very savory returns," said Sam Stovall, chief investment strategist at CFRA Research. "We were up 25% from trough to the most recent peak.""While some people might say we're at the beginning of a new bull market, I think we have to take a wait-and-see attitude," Stovall said.The U.S. st Show less Read more
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