MARKET PULSE-Caterpillar, Overseas Shipholding, Freeport-McMoran

Mon Oct 22, 2012 11:17am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

Oct 22 (Reuters) - Some U.S. stocks on the move on Monday:

(For more market insights, including options activity, click on STXNEWS/US; for the Morning News Call newsletter, click on link.reuters.com/faq23t; for the day ahead newsletter, link.reuters.com/mex49s)

WALL ST FLAT AS CATERPILLAR RISES IN TURNABOUT

Stocks were flat as Caterpillar erased initial declines and turned positive after reporting higher-than-expected profit. The stock was the biggest boost to the Dow.

The S&P appeared once again to be testing the 50-day moving average, which has proven to be a strong support level. A convincing break below could signal further declines.

The Dow Jones industrial average slipped 0.53 point to 13,342.98. The Standard & Poor's 500 Index added 0.69 point, or 0.05 percent, to 1,433.88. The Nasdaq Composite Index gained 7.51 points, or 0.25 percent, to 3,013.14.

  Continued...