Dow Falls 291 Points After Companies Give Bleak 2015 Outlook

Stocks end the day down as disappointing earning reports roll in. The Dow ended the day down 291 points, Nasdaq fell 90 points and the S&P 500 was down 27 points at the end of the trading day. Proctor & Gamble (PG) and Caterpillar (CAT) cut their sales and profit forecasts for 2015, signalling a weak global economy and and a strong U.S. dollar could potentially dent U.S. growth and profit this year. But those two weren't the only companies dragging the stocks down.

there were dozens of other companies that followed suit and slashed forecasts for 2015.

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Published on Jan 27, 2015
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

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