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Home / Business / Dow drops 300 points while Caterpillar's camp weighs; Nvidia shares plunge

Dow drops 300 points while Caterpillar's camp weighs; Nvidia shares plunge



US. Shares fell more than 300 points early in the month as investors digested a profit-parcel in the busiest week, focusing on a series of important political and economic reports. A report from Dow Component Caterpillar

CAT, -8.49%

was a key contributor to the blue-chip index after reporting disappointing results. The Dow Jones Industrial Average

DJIA, -1.30%

fell 31

8 points or 1.3% at 24,412, the S & P 500 Index

SPX, -1.08%

fell 1% to 2,637, while the Nasdaq Composite Index

COMP, -1.32%

dropped 1.4% to 7,061. Looking ahead, investors expect a Federal Reserve policy update on Wednesday and a key employment report on Friday. Elsewhere in corporate news, Nvidia Corp.

NVDA, -14.24%

fell 17.6% on Monday after the revenue forecast for 2019 was lowered.

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