Dow sinks by more than 200 points, dragged lower by Caterpillar as onslaught of earnings unfurls

Tuesday, 29 January 2019 04:30 WIB

DOW JONESS & P 500 Standard & Poor's 500Saham ASNasdaq


U.S. stock indexes ended lower Monday, starting the week on a downbeat note, amid disappointing quarterly results from corporate bellwethers like Caterpillar Inc.

The Dow Jones Industrial Average finished down by 208 points, or 0.8%, at 24,528, the S&P 500 index ended 0.8% lower at 2,644, while the Nasdaq Composite Index closed with a 1.1% loss at 7,085, on a preliminary basis.

A warning from industrial giant Caterpillar kicked off the day's action, adding to woes in an already jittery market early in the session. Meanwhile, shares of Nvida Corp. fell sharply after offering a weaker-than-expected earnings outlook.

Shares of Caterpillar finished down by 9.1%, while those for Nvidia lost nearly 14% on the day. Trading for indexes came as the White House announced sanctions on Venezuela State-owned Petróleos de Venezuela.

Source: Marketwatch


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