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Dow tanks more than 400 points after opening higher — Caterpillar leads the rollover
Caterpillar shares dropped 6.2 percent after rising earlier in the day,knocking the Dow off its session highs.
Caterpillar reported earnings and revenue that beat expectations, but the industrial giant's stock fell after management said the company's outlook assumed that the first quarter would be "the high watermark for the year."
Stock investors were also spooked by the 10-year Treasury yield breaking above 3 percent for the first time since January 2014.
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