Wall Street down as earning reports released
Caterpillar seems optimistic that dealers will soon order up the world renowned construction machines. After revenues dropped 53% in the second quarter the company found it hard to stay above water with sales still declining. (NYSE: CAT) rose 3.3 percent to $59.69 after higher earnings with an optimistic upcoming year forecast.
Pfizer Inc. (NYSE: PFE) has positive news out beating estimates. PFE’s profits rose 26% on what some say stemmed from cost cutting only.
Airplane giant Boeing Co (NYSE: BA) dropped to $51.38 for a total of 4% after being downgraded by Morgan Stanley. With a decline in sales demand we could see a sell off.
Tech giant Apple Inc. (NasdaqGS: AAPL) rose to $198.95 in morning trading. Apple has had a record century of sales with the Iphone and the Mac brand line leading the way for record profits.
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