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U.S. markets news

Wall St tumbles with Microsoft, Caterpillar; data weighs
NEW YORK (Reuters) - U.S. stocks fell sharply on Tuesday, with Microsoft and Caterpillar shares tumbling after quarterly results, while an unexpected decline in durable goods orders also weighed on sentiment.
Wall Street Sinks on Weak Earnings, Data  Fox Business
Dow Drops Most Since October as Microsoft to Caterpillar Plunge  Businessweek  
Should The Fed Raise Interest Rates Or Reverse QE First?
There's much reading of the runes going on as people try to work out when and by how much the Federal Reserve is likely to raise interest rates.
No Fed rate hike until March 2016, Morgan Stanley says  MarketWatch
Fed likely to continue to signal mid-2015 rate hike  USA TODAY
Strong dollar equals weak P&G earnings
A strong U.S. dollar added up to a weak earnings report for Dow component Procter & Gamble, which blamed the negative impact from foreign currency exchange for its quarterly earnings miss.
P&G hit by currency devaluations  Financial Times
Wall St. Is Sharply Lower After Disappointing Earnings  New York Times
Los Angeles-area home price gains accelerate in November, report says
Home prices in Los Angeles and Orange counties climbed 5.1% in November from a year earlier, according to a leading gauge. lRelated Orange County housing market appears to be topping out · Business · Orange County housing market appears to be ...
Local home prices rose 6 percent over the year  The Seattle Times
US home price gains slow in November on weaker sales  U-T San Diego
Snapchat Promises 'Gorgeous Advertising' With Its New Discover Channels
Snapchat has been working on Discover for months to bring media-run channels to the app. Snapchat has attracted a big lineup for the launch of its media service called Discover, which will host branded properties for Yahoo, People, Cosmopolitan, the Food ...
Snapchat launches Discover feature, with news stories and ads  CNET
Snapchat Now Shows You Video From Comedy Central, Vice and More  TIME
Lousy Caterpillar earnings drag market down
Caterpillar Inc. (CAT) missed expectations in the fourth quarter -- a concerning sign for America and the world's recovery. Profits plunged 25% in the fourth quarter from a year ago as demand is starting to slow for their equipment, especially in oil producing ...
Caterpillar warns low oil will hurt '15; Q4 earnings miss  Reuters
Caterpillar Misses Q4 Earnings on Lower Commodity Prices
Durable-Goods Orders Falter, Stirring Growth Concerns
WASHINGTONï¿œU.S. businesses broadly cut capital spending in the final months of 2014, raising red flags about the economy's ability to sustain momentum amid troubles around the globe.
Durable goods orders tumble in a sign of slowing economic growth  Los Angeles Times
US durable goods data signal weaker business spending  Reuters
New-Home Sales Hit Highest Level in Over Six Years in December
New-home sales rose to their highest level in more than six years in December, an annual rate of 481,000. Illustration: Getty Images.
Sales of new homes barely managed to rise last year  MarketWatch
EconomyUS new home sales climb 11.6% in December  Financial Times
Consumer confidence rises more than forecast
WASHINGTON - Consumer confidence rose more than forecast in January to the highest level since August 2007 as Americans took heart in an improving labor market and prospects for higher earnings.
US consumer confidence rises to strongest since August 2007  Reuters
Consumer confidence jumps as wage-growth expectations at seven-year high  MarketWatch
White House to Propose Allowing Oil Drilling Off Atlantic Coast
WASHINGTON - The Obama administration on Tuesday will announce a proposal to open up coastal waters from Virginia to Georgia for oil and gas drilling, according to a person briefed on the plan.
Obama administration to propose new Atlantic coast oil drilling, report says  CBS News