Wall St falls for 3rd day
Friday, 24 July 2015
US stocks fell for the third straight day on Thursday after disappointing corporate results and forecasts added to concerns about the US profit outlook. The Dow Jones industrial average fell back into the red for the year, with 3M, American Express and Caterpillar contributing the most to the average's fall. The Dow Jones transportation average was off 2.1 per cent. Union Pacific, down 5.7 per cent at $92.12. Caterpillar shares fell 3.6 per cent to $76.88. American Express was down 2.5 per cent at $77.01. The Dow Jones industrial average fell 119.09 points, or 0.67 per cent, to 17,731.95, the S&P 500 lost 12 points, or 0.57 per cent, to 2,102.15 and the Nasdaq Composite dropped 25.36 points, or 0.49 per cent, to 5,146.41, according to Reuters.