Friday, July 20, 2007

US indexes sink as Google, Caterpillar falter

(Reuters) - U.S. stocks fell on Friday, with the Dow knocked off its 14,000-point perch and the Nasdaq down more than 1 percent, after bellwether stocks Caterpillar Inc. and Google Inc posted disappointing earnings.

Caterpillar, the maker of heavy construction equipment, said quarterly earnings fell more than expected due to a sharp drop in sales of diesel truck engines and weakness in North American construction. For details, see ID:nL20191126.


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