Tuesday, 27 January 2015

Wall Street slides at open on earnings, data

U.S. stocks opened sharply lower on Tuesday, with Microsoft and Caterpillar shares tumbling after both posted earnings, while an unexpected decline in durable goods orders also weighed on sentiment.

The Dow Jones industrial average .DJI fell 222.56 points, or 1.26 percent, to 17,456.14, the S&P 500 .SPX lost 19.29 points, or 0.94 percent, to 2,037.8 and the Nasdaq Composite .IXIC dropped 73.43 points, or 1.54 percent, to 4,698.33 points.

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