Dow drops more than 300 points after disappointing earnings from Caterpillar and 3M

Stocks fell sharply on Tuesday as corporate results from Caterpillar and 3M disappointed investors.The Dow Jones Industrial Average dropped 347 points, with Caterpillar and 3M as the biggest decliners. The S&P 500 plunged 1.5 percent as the industrials and energy sectors underperformed. The Nasdaq Composite fell 1.5 percent, entering correction territory as investors continue to dump tech-related shares such as Amazon. The small-caps Russell 2000 dropped 1.4 percent and turned negative for the year.

Source: Dow drops more than 300 points after disappointing earnings from Caterpillar and 3M

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