Shares are slipping again today following more mixed corporate earnings and uncertainty ahead of the presidential election. At 2 pm, the Dow was down .68%, the S&P was down .56% and the Nasdaq was fractionally lower by .13%.
Caterpillar (NYSE:CAT) shares are just barely positive after posting better than expected 3Q earnings. Revenue, however, disappointed investors. The heavy equipment company also lowered its full year guidance. Shares of Apple (NASDAQ:AAPL) were also higher ahead of its expected launch of its new ipad, which is expected to be smaller, thinner and less expensive.
Traders also in a holding pattern ahead of economic data expected out this week. The Fed's FOMC starts tomorrow, with an announcement expected on Wednesday afternoon. On Thursday we'll hear about jobless claims, and on Friday, GDP and consumer sentiment.
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