While you were sleeping: Caterpillar, 3M disappoint

Thu, 23 Jul 2015

By Margreet Dietz July 24 (BusinessDesk) - Disappointing earnings from companies including Caterpillar and 3M weighed on Wall Street, while the latest reports on US jobless claims and leading indicators firmed expectations the US Federal Reserve will lift interest rates soon. Also weighing on markets was the extended slide in commodities including oil, gold, and copper. “There is just a negative mood in commodities and for oil there is the worry that the global economy is going to affect demand," Phil Flynn, analyst at Price Futures G...

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