While you were sleeping S and P 500 falls from record, JP Morgan nears bond deal

Wed, 23 Oct 2013

Oct. 24 (BusinessDesk) – The Standard & Poor’s 500 Index fell from a record and Caterpillar led a slide on the Dow Jones Industrial Average after the world’s biggest maker of construction and mining equipment was among companies giving disappointing guidance. Caterpillar sank 6 percent after cutting its full-year sales and earnings outlook on reduced demand from mining companies. It reported third-quarter profit that missed expectations. Broadcom, which makes chips for mobile phones, dropped about 3 percent after announcing jobs cuts and for...

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