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Stocks end lower...Oil prices drop... Federal agents search Caterpillar facilities

By The Associated Press | Posted - Mar. 2, 2017 at 3:36 p.m.



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NEW YORK (AP) — Stocks are lower on Wall Street, a day after indexes soared to their latest record highs. The Dow Jones industrial average fell over 112 points, or 0.5 percent today, to 21,002. The Standard & Poor's 500 index lost 14 points, or 0.6 percent, to 2,381. And the Nasdaq composite slid nearly 43 points, or 0.7 percent, to 5,861. The Russell 2000 index of small company stocks gave up 18 points, or 1.3 percent, to 1,395.

NEW YORK (AP) — Oil futures are down today. The price of U.S. crude fell $1.22, or 2.3 percent, to close at $52.61 a barrel in New York. At the same time, Brent crude, used to price international oils, lost $1.28, or 2.3 percent, to close at $55.08 a barrel.

PEORIA, Ill. (AP) — Caterpillar says it believes a search warrant executed by federal authorities at its facilities concerns "export filings" related to its Switzerland subsidiary CSARL. In a statement issued after federal agents appeared today at its Peoria, Illinois, headquarters and other Illinois facilities , Caterpillar says the issue it concerns was first disclosed in a 2015 filing with the Securities and Exchange Commission.

NEW YORK (AP) — The parent company of Dunkin' Donuts and Baskin-Robbins says it will remove artificial colors from its products in the U.S. by the end of 2018. Dunkin' Brands Group says the exception will be on brand-name ingredients it sources to use as toppings, ice cream mixes and decorations for its sweets. It also noted that Baskin-Robbins will take longer to find replacements for ice cream cake decorations.

ATLANTIC CITY, N.J. (AP) — The company that bought Atlantic City's Trump Taj Mahal casino still wants to build a $1 billion casino in northern New Jersey just outside New York City. Hard Rock International CEO Jim Allen says his company remains committed to its plan to build a casino at the Meadowlands Racetrack in East Rutherford if voters change the law to allow it.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

The Associated Press

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