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Home Depot, Caterpillar Bring Down Market

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(Reuters) - U.S. stock futures edged lower on Tuesday, hit by losses in Home Depot and Caterpillar shares, while investors awaited Federal Reserve Chair Jerome Powell’s testimony on monetary policy. REUTERS/Brendan McDermid Shares of the largest U.S. home improvement retailer fell 2.6 percent after the company issued a disappointing full-year earnings forecast and missed quarterly estimates for same-store sales. Stocks have been bolstered in recent weeks by trade optimism and dovish signals from the Fed, with the benchmark S&P 500 index about 4.8 percent away from its record closing high in September.

Added on the 26/02/2019 09:41:03 - Copyright : Wochit

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