The market melt-up got replaced by a ham sandwich today after both Caterpillar
Leading the charge lower was a tepid growth forecast through 2015 from heavy-duty manufacturing giant Caterpillar. As a mainstay of the manufacturing sector, its slow-growth forecast and primary focus on cost control bode poorly for global growth.
Greece's problems are also never-ending. The highly indebted nation may need to ask its eurozone partners to roll over tens of billions in debt; otherwise, it may need to borrow more money at market rates by as early as 2015 to cover its interest payments.
Let's have a quick glance at a few other companies moving the S&P 500 in a big way today.
Not surprisingly, one of Caterpillar's biggest competitors, Joy Global
Office-supply chain Staples
It wasn't doom and gloom for all 500 companies, however, as grocer Safeway
Did you catch the number of that dump truck?
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