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Wednesday
Jul242013

Wall Street Stocks Slide

iStockphoto/Thinkstock(NEW YORK) -- A gloomy outlook from the world's biggest industrial equipment maker on Wednesday dug a hole for the stock market.
 
The Dow Jones Industrial Average closed down 25.5 points Wednesday to finish the session at 15,542.24. The Nasdaq Composite finished at 3,579.60, adding just a fraction of a point. The S&P 500 lost 6.45 points, closing at 1,685.94.
 
Caterpillar said its earnings fell 43 percent in the second quarter, and warned of slowing revenue and profit. The company's stock dragged the most on the Dow Wednesday.  Shares were down by 2.43 percent.

The Nasdaq was helped by a better-than expected report from Apple (+5.14 percent) and Facebook (+1.45 percent).
 
Facebook shares are surging in after-hours trading -- right now trading at $30.55, up $4.00 a share. That’s a jump of 15 percent. This is the first time Facebook shares are trading above $30 a share since the end of January.

Copyright 2013 ABC News Radio