BUZZ-U.S. STOCKS ON THE MOVE-Gold & silver miners, Sientra, Pendrell

Thu Sep 24, 2015 2:19pm EDT
 
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(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks were lower by about 1 percent in afternoon trading on Thursday after Caterpillar's sales forecast cut dragged on industrials and exacerbated fears of slowing global economic growth, and as health stock slipped again. The Dow Jones industrial average was down 0.90 percent at 16,133.48, the S&P 500 was down 0.78 percent at 1,923.6 and the Nasdaq Composite was down 1.01 percent at 4,704.941.

** CATERPILLAR INC, $65.73, -6.37 pct

** DEERE & CO, $75.26, -3.13 pct

** JOY GLOBAL INC, $15.39, -2.29 pct

** CUMMINS INC, $110.87, -1.20 pct

** TEREX CORP, $16.8, -5.62 pct

** GENERAL ELECTRIC CO, $24.905, -0.93 pct

Heavy machinery maker Caterpillar slashed its revenue forecast for 2015 by $1 billion and said it could cut up to 10,000 jobs through 2018, amid a downturn in the mining and energy industries. S&P 500 industrial index falls 1.87 percent, the worst performing among the 10 major S&P sectors.   Continued...