US stocks fell in a broad decline on Tuesday, with the Dow seeing outsized losses after several blue chip components' results pointed to weakening...

US stocks fell in a broad decline on Tuesday, with the Dow seeing outsized losses after several blue chip components' results pointed to weakening conditions... Microsoft fell 8.5%t to $43 and heavy machinery marker Caterpillar gave an outlook below expectations, warning that the recent plunge in oil prices would hurt its energy equipment business. Shares dropped 7.5 percent to $79.56. There's clearly a lot of froth baked into certain areas of tech, while Caterpillar is giving tangible evidence that things can go down more than they already have, said Jim O'Donnell, chief investment officer at Forward in San Francisco. People may not be aware of the sensitivities that heavy industrial guys have to the oil cycle, or what the ripple effects of oil's weakness will be. There are a lot of companies that are going to be adversely impacted. Full overnight report via Reuters: (VIEW LINK)


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