Wall Street drops after Caterpillar forecast, German data
NEW YORK (Reuters) – U. S. stocks edged lower on Monday as a disappointing forecast from Caterpillar and weak German data increased concerns that global growth may remain sluggish. Minutes before the close, Caterpillar cut its earnings forecast for 2015, citing weakness in the world economy. Its stock fell 0. 9 percent to $90. 87 and was the top drag on the Dow. After the bell, Caterpillar’s stock lost another 2. 1 percent to $88. 99. . . .
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