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Caterpillar and Apple Weigh on Wall Street as S&P 500 Suffers

Description:The S&P 500 suffered its worst day since June on Tuesday (September 25), pulled lower by Caterpillar Inc after it cut its profit outlook. Technology shares came under pressure after a second day of weakness for Apple Inc, the world's most valuable public company. Shares fell 2.5 percent to $673.54 (USD) as the company sold out of its initial supply of the new iPhone, raising concerns about keeping up with demand. Caterpillar, the heavy equipment maker, said on Monday (September 24) sluggish g (1:18)

Source: IBTimesTV

Tags: ibtimestv , 500 , and , apple