U.S. stocks thud lower; even Google can't keep Nasdaq up

11:51 am ET Oct 19, 2007

DJIA

13,698

-190.79

S&P

1,520

-19.67

NASDAQ

2,762

-36.71

10Yr

4.41%

-0.090
U.S. stocks thud lower; even Google can't keep Nasdaq up

NEW YORK
Wall Street sputtered quickly at Friday's start after a downgrade of
British banking giant HSBC Holding Plc furthered concerns about the
shaky credit markets, overtaking investor solace from Google Inc.'s
estimate-topping earnings.

3M's quarterly net up 7.4% amid tough flat-screen TV market

NEW YORK
3M Co. raised its full-year earnings forecast Friday and reported a 7.4%
increase in third-quarter net income because of robust growth in its
tape and adhesive business, but shares came under pressure due to
difficulties in the flat-screen television business, dropping nearly 7%
at one point.

Honeywell's quarterly profit rises 14%, but margin concerns mount

NEW YORK
Honeywell International Inc. raised its full-year sales outlook Friday
as third-quarter profit jumped 14% due to robust performances in the
blue-chip conglomerate's aerospace and automated control systems
businesses.

Caterpillar profit up 21%; shares down 4.3%

SAN FRANCISCO
Caterpillar shares dropped as much as 4.3% on Friday after the
construction equipment leader, despite posting a rise in third-quarter
profit, cut its 2007 earnings target amid "severe weakness" in its core
U.S. market.

Futures Movers: Crude oil backs off after hitting $90

NEW YORK
Crude oil futures retreated Friday after hitting $90 a barrel for the
first time overnight as continued weakness in the dollar and worries
over supply security helped drive prices higher.