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US STOCKS-Futures dip on weak Caterpillar forecast, China woes
U.S. stock index futures dipped on Monday, as weak forecast from Caterpillar added to nerves about Chinese economy, while optimism over the end to the longest U.S. government shutdown in history faded. Adding to the woes, China data showed earnings at industrial firms shrank for a second month in December, while President Donald Trump expressed skepticism on Sunday that U.S. lawmakers could reach a deal on border security that he would accept to avoid another shutdown. Caterpillar Inc shares fell 5.5 percent, reversing early premarket gains after the world's largest heavy equipment maker on Monday forecast full-year profit below analysts' estimates, indicating a slide in global demand stemming from China could worsen after the company reported revenue in line with expectations for the last three months of 2018.
https://finance.yahoo.com/news/us-stocks-futures-dip-weak-125806372.html?.tsrc=rss
U.S. stock index futures dipped on Monday, as weak forecast from Caterpillar added to nerves about Chinese economy, while optimism over the end to the longest U.S. government shutdown in history faded. Adding to the woes, China data showed earnings at industrial firms shrank for a second month in December, while President Donald Trump expressed skepticism on Sunday that U.S. lawmakers could reach a deal on border security that he would accept to avoid another shutdown. Caterpillar Inc shares fell 5.5 percent, reversing early premarket gains after the world's largest heavy equipment maker on Monday forecast full-year profit below analysts' estimates, indicating a slide in global demand stemming from China could worsen after the company reported revenue in line with expectations for the last three months of 2018.
https://finance.yahoo.com/news/us-stocks-futures-dip-weak-125806372.html?.tsrc=rss
