After Record High Yesterday, The Market Trips Up On Wednesday (CAT, BA)

After the S&P set a record high yesterday -  the Dow Jones, S&P, and NASDAQ all fell on Wednesday. Many investors have cited the recent mixed outcome of the stock market to big disappointments from American corporations, one being Caterpillar. Caterpillar (CAT) missed projected forecast numbers by 23 cents a share and shares fell 6%. On a positive note, Boeing (BA) noted that their recent solid commercial aircraft sales have led them to an increase of 5% in their shares. Also, Chinese stocks fell drastically creating apprehension about increasing money market rates and potentially risky bank lending situations.
Oil and gold prices have both fallen 1.46% and 0.69%, respectively.

Word on the Street

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Published on Oct 23, 2013
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

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