Friday, Aug 26, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Stock Market

U.S. stocks mixed after strong Caterpillar earns

NEW YORK — U.S. stocks were mixed in midday trading despite of encouraging signs about the manufacturing sector, a key driver of economic growth.

The Dow Jones industrial average added 70 points to 13,895 and the Nasdaq composite average rose 11 points to 3,160. The S&P 500 dropped less than a point to 1,502.

Heavy equipment maker Caterpillar said its adjusted fourth-quarter net income exceeded analysts’ expectations. The stock was the biggest gainer in the Dow Jones, rising $2.07 to $97.65.

The government said orders for long-lasting goods rose in December by 4.6 percent, helped by a 10 percent gain in orders for new aircraft.

A Realtor group said a measure of Americans who signed contracts to buy homes fell last month. Sales were held back by a limited supply of available homes.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…