U.S. stocks fall on Caterpillar warning; Google shines
Quotes & News:
11:41 am ET Oct 20, 2006
DJIA
11,983
-28.25
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S&P
1,365
-1.55
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NASDAQ
2,336
-4.38
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10Yr
4.78%
-0.004
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U.S. stocks fall on Caterpillar warning; Google Google shines
U.S. stocks fell Friday after a profit warning from Caterpillar Inc
fueled concern corporate earnings are beginning to feel the pinch of a
slowing economy, but strong results from Google Inc., 3M Co. and others
offered a counter-argument to the naysayers.
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Google shares climb on quarterly report
Google Inc. shares climbed as much as 7% early Friday as investors
cheered the Internet firm's surge in third-quarter sales and profit. See
full story.
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Caterpillar cuts outlook; slowing in housing, economy cited
Shares of Caterpillar Inc. fell more than 12% Friday, retreating after
the heavy-machinery maker reported a lackluster third-quarter profit and
warned that costs, a deteriorating housing market and lower sales would
combine to cut into its earnings by the end of the year and in 2007.
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Commodities Corner: Uranium, a hot commodity that's getting hotter
As the world seeks alternatives to oil as a source of energy, uranium
has been on a tear, scoring a gain of around 700% in six years as
interest in nuclear power has revived.
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Data show U.K.'s economy growing at 2.8% annual rate
Britain's economy expanded at a 2.8% annual rate in the third quarter,
the fastest growth in two years, as the country's services sector made
further gains.
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