News Summary: S&P 500 ends streak of record closes

News Summary: S&P 500 ends streak of record closes as Caterpillar disappoints and oil falls

Associated Press

TAKING A BREATHER: A four-day streak of record closes ended for the Standard & Poor's 500 index Wednesday after Caterpillar reported weak earnings and falling oil prices hurt energy stocks.

MIXED BAG: Caterpillar plunged $5.41, or 6.1 percent, to $83.76 after it reported a big drop in third-quarter earnings and cut its revenue forecast. The company is considered an indicator for the health of the global economy.

OIL SLUMP: Oil fell to $97.80 a barrel, its lowest price in almost four months, U.S. supplies of crude and weak demand for fuel. Energy stocks, including Chevron, Exxon Mobil and Halliburton, dropped.

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