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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Fool contributor Sean Williams has no material interest in any companies mentioned in this article. You can follow him on CAPS under the screen name TMFUltraLong, track every pick he makes under the screen name TrackUltraLong, and check him out on Twitter, where he goes by the handle @TMFUltraLong.
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