Wall Street ends lower as Caterpillar, Nvidia warnings weigh

Wall Street ends lower as Caterpillar, Nvidia warnings weigh

U.S. stocks fell at open on Monday, as disappointing forecasts from Caterpillar and chipmaker Nvidia set a dour note for an earnings-heavy week that also includes a Federal Reserve meeting and a fresh round of U.S.-China trade talks.

Traders work on the floor of the NYSE in New York
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 17, 2019. REUTERS/Brendan McDermid

NEW YORK: U.S. stocks ended lower on Monday after warnings from Caterpillar Inc and Nvidia Corp added to concerns about a slowing Chinese economy and tariffs taking a bite out of U.S. corporate profits.

Based on the latest available data, the Dow Jones Industrial Average fell 209.65 points, or 0.85 percent, to 24,527.55, the S&P 500 lost 20.93 points, or 0.79 percent, to 2,643.83 and the Nasdaq Composite dropped 79.18 points, or 1.11 percent, to 7,085.69.

(Reporting by Caroline Valetkevitch)

Source: Reuters

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