Bloomberg News

S&P 500 Futures Pare Gain as Caterpillar Earnings Trail Forecast

July 22, 2011

July 22 (Bloomberg) -- U.S. stock futures trimmed gains after Caterpillar Inc. reported earnings that trailed analysts’ estimates and said it is seeing a “softening of growth” in China.

Caterpillar, the world’s largest maker of construction equipment, tumbled 4.3 percent.

Futures on the Standard & Poor’s 500 Index rose 0.1 percent to 1,344.0 as of 7:45 a.m. in New York after climbing as much as 0.4 percent earlier. Dow Jones Industrial Average futures fell 8 points, or 0.1 percent, to 12,682, erasing a gain of as much as 0.5 percent.

To contact the editor responsible for this story: Michael P. Regan at mregan12@bloomberg.net


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