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The Dow fell Monday as downbeat earnings from Caterpillar and Nvidia fuelled concerns about a slowdown in global growth.



The Dow Jones Industrial Average fell 0.84%, the S&P 500 lost 0.78%, while the Nasdaq Composite lost 1.11%.



Caterpillar (NYSE:CAT) tumbled after reporting fourth-quarter earnings that missed forecasts. The heavy equipment maker also guided full-year earnings below consensus estimates. Its share price fell 9% and dragged the Dow Jones Industrials lower by about 70 points.



Caterpillar's dour earnings and guidance triggered weakness in Boeing (NYSE:BA), Deere (NYSE:DE) and Cummins (NYSE:CMI), pressuring industrials to close more than 1% lower.



Chipmaker Nvidia (NASDAQ:NVDA) said it expected fourth-quarter slashed its guidance for the fiscal 2019 fourth quarter and reported datacenter revenue that missed estimates. It blamed declining macro conditions, particularly in China, which hurt growth in gaming and data centre businesses. Its share price fell 14%.



As well as declining gaming and datacenter growth, lower gross margin was cited as a headwind for the chipmaker.


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