US Market Close Podcast 29 Jan 19: Wall St weighed down by earnings misses & warnings

US sharemarkets were weaker following weaker profits and profit warnings from Caterpillar and chipmaker, Nvidia. Shares in Caterpillar fell by 9.1% with Nvidia down 13.8%. Nvidia cut its fourth quarter revenue estimate by half a billion dollars on weak demand for gaming chips in China. The energy sector fell in response to a lower oil price. At the close of trade the Dow Jones index was down by 209 points or 0.8% after rising 184 points on Friday. The S&P500 index fell by 0.8%. And the Nasdaq index lost 79 points or 1.1%

 

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