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Wall Street tumbles as weak industrials add to dour mood

Updated : October 23, 2018 08:08 PM IST

Caterpillar tumbled 8.3 percent after the heavy-duty equipment maker maintained its 2018 earnings forecast, while 3M Co slid 6.4 percent after the company cut its full-year profit forecast due to currency headwinds.
Technology stocks also buckled and slid 2.14 percent, in tandem with global peers, over concerns of slowing growth in China and a tepid forecast from Apple supplier AMS AG's.
Wall Street tumbles as weak industrials add to dour mood

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