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News Summary: Caterpillar report weighs on stocks

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The Associated Press | July 24, 2013 05:30 PM EST | AP


TWO-DAY TREND: A gloomy outlook from Caterpillar, the world's largest construction equipment company, tugged the stock market lower Wednesday. The meager drop gave the stock market two consecutive days of losses, the first time that's happened all month.

APPLE: Despite reporting lower quarterly earnings Tuesday, the maker of tablets, smartphones and computers still managed to beat analysts' estimates, thanks to rising shipments of iPhones. Apple jumped $21.52, or 5 percent, to $440.51.

FINAL SCORE: The Dow Jones industrial average fell 25.50 points, or 0.2 percent, to 15,542.24. The Standard & Poor's 500 index fell 6.45 points, or 0.4 percent, to 1,685.94.