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Caterpillar Latest News: Wall Street Flat as Caterpillar, AT&T Offset Apple's Gains

Wochit 0:50 mins

U.S. stocks were flat as results from blue-chips Caterpillar and AT&T offset gains for the tech sector generated by Apple's stronger-than-expected results. A gloomy outlook from Caterpillar, the world's largest construction equipment company, tugged the stock market lower in midday trading . Caterpillar said its earnings fell 43 percent in the second quarter. Caterpillar Inc released unaudited dealer data showing a slowdown in sales of its heavy equipment everywhere except North America, a possible warning sign ahead of the company's second-quarter earnings due.

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