INQUIRER.net: US stocks mostly lower; Caterpillar drags down Dow

INQUIRER.net Philippine News for Filipinos

US stocks mostly lower; Caterpillar drags down Dow Jul 25th 2013, 00:07 NEW YORK CITY—US stocks Wednesday closed mostly lower, with weak earnings and a gloomy outlook from Caterpillar weighing down the Dow.   The Dow Jones Industrial Average lost 25.50 (0.16 percent) at 15,542.24, pulling back from a record close on Tuesday.   The broad-based S&P 500 slipped 6.45 (0.38 percent) to 1,685.94, while the tech-rich Nasdaq Composite Index was flat, inching up a bare 0.33 (0.01 percent) to 3,579.60.   Michael James, managing director of equity trading at Wedbush Morgan Securities, said the performance reflected the market is "overextended" after a series of recent record highs.   "Given the big moves the market ... Keep on reading: US stocks mostly lower; Caterpillar drags down Dow Media files: Wall-Street-7-24-13.jpg (image/jpeg)

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