The Straits Times
Published on Oct 23, 2012

US stocks struggle as Caterpillar dims outlook


NEW YORK (AFP) - A diminished sales forecast by industrial bellwether Caterpillar clouded stocks on Monday, but a last-minute burst of buying pushed the Dow and S&P 500 barely back into the black for the session.

The Nasdaq, however, claimed solid gains on the back of a 4.0 per cent surge by Apple, clawing back much of its losses of late last week.

The Dow Jones Industrial Average finished up 2.38 points (0.02 per cent) at 13,345.89.

The broad-based S&P 500 climbed 0.62 (0.04 per cent) to 1,433.81, while the Nasdaq Composite gained 11.34 points (0.38 per cent) at 3,016.96.