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Caterpillar And Nvidia Losses Drag On Wall Street

Video Credit: Wochit Business - Duration: 00:48s - Published < > Embed
Caterpillar And Nvidia Losses Drag On Wall Street

Caterpillar And Nvidia Losses Drag On Wall Street

According to Reuters, US stocks are down, with Caterpillar and Nvidia leading losses for the day.

Caterpillar shares shed over 9-percent after reporting quarterly profits that missed analyst expectations due to higher operating costs and lower demand in China.

Nvidia shares tumbled about 14-percent due to weak demand in China for gaming processors, which cut their revenue estimates by half a billion dollars.

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