Wall Street Ends Lower as Economic Outlook Weighs
- 12 years ago
U.S. stocks edged lower on Monday as a disappointing forecast from Caterpillar (CAT.N) and weak German data increased concerns that global growth may remain slow.
Just before the close, Caterpillar cut its earnings forecast for 2015.
Global stock markets slipped as investors looked past recently announced central bank stimulus plans to focus on weak German economic data.
An index of German business sentiment declined for a fifth consecutive month in September, showing Europe's strongest economy was moving closer toward recession as the euro zone's debt crisis remains unresolved.
Just before the close, Caterpillar cut its earnings forecast for 2015.
Global stock markets slipped as investors looked past recently announced central bank stimulus plans to focus on weak German economic data.
An index of German business sentiment declined for a fifth consecutive month in September, showing Europe's strongest economy was moving closer toward recession as the euro zone's debt crisis remains unresolved.