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Stocks reverse, Dow sinks more than 1%

Published 04/24/2018, 12:27 PM
© Reuters.  Stocks reverse, Dow sinks more than 1%
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  • Leading the Dow (DIA -1.1%) lower is an 8% plunge in 3M after cutting guidance. Leading the reversal though, is Caterpillar (NYSE:CAT) - it was up nearly 5% after an earnings beat and guidance boost, but is now down nearly 5% after management said Q1 could well be the year's "high water mark."
  • The Nasdaq (QQQ -1.6%) is being led down by a 4.4% post-earnings decline for Google (NASDAQ:GOOGL), and a 3.2% drop for Facebook (NASDAQ:FB), which can't seem to stay out of the headlines.
  • The banks continue higher by more than 1% on the back of strong Q1 results and a steepening yield curve.
  • Now read: Manole Capital: 2nd Quarter 2018 Newsletter


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