Tuesday, January 27, 2015

Large companies lowered Wall Street – Smålandsposten

Large companies lowered Wall Street – Smålandsposten

Today 22:07 | Updated today 22:08

US stocks fell on Tuesday after reporting several large corporations reported poorer results than expected.

The technology sector pulled down the corners of his mouth firmly on investors. Biggest disappointment was the software giant Microsoft, which in its interim report reported declining sales of Windows and Office programs to the corporate sector. Shares fell 9.2 percent.

Procter & amp; Gamble, the world’s largest producer of powered appliances, was another heavyweight who saggade. The company reported a profit drop of 31 percent in the fourth quarter and its shares fell 3.4 percent.

Caterpillar left a weak profit forecast for the year. Lower oil prices and declining commodity prices in general have pushed the performance of the vehicle manufacturer. Shares fell 7.1 percent.

The Dow Jones industrial index was down 1.6 percent, while the Nasdaq composite index fell 1.9 percent.






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