Stocks Ended lower on Economic Worries

U.S. stocks ended lower on Monday as concerns about the euro zone and growth worldwide resurfaced. The Dow Jones Industrial Average retreated 20.55 points,  or 0.15%, to close at 13,558.92. The S&P 500 was down 3.26 points, or 0.22%, to 1,456.89. The Nasdaq Composite was 19.18 points lower, or 0.60%, to 3,160.78.

The International Monetary Fund is set to cut its forecast for global growth next month when it updates its projections for the world economy, the head of the IMF said on Monday.

Caterpillar Inc.(CAT) told analysts at a mining trade show in Las Vegas Monday that it expects earnings of $12 to $18 a share in 2015. The outlook is based on projected revenue of $80 billion to $100 billion for 2015.

Lennar Corp. (LEN), the third-largest U.S. homebuilder by revenue, said its quarterly profit more than quadrupled as demand for new houses climbed and a real estate recovery gained traction. Net income for the third quarter ended Aug. 31 rose to $87.1 million, or 40 cents a share, from $20.7 million, or 11 cents, a year earlier.






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