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Caterpillar’s stock swings lower as downbeat dealer inventory outlook, retail sales data follow earnings beat

Shares of Caterpillar Inc. fell on Friday, reversing early gains following the construction and mining equipment maker’s post-earnings conference call with analysts, in which the company provided a downbeat outlook with regard to dealer inventories.

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Market Snapshot: Dow slips and tech stocks stumble Friday amid rising China-U.S. tensions and languishing fiscal stimulus

U.S. stocks trade lower Friday, but were off their worst levels, with the technology-laden Nasdaq Composite looking likely to notch the first back-to-back decline since mid-May as investors turn their attention to a flare-up in Sino-American animosities while Republican Senators leave Washington for the weekend without obvious progress on another fiscal stimulus bill.

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