Markets Right Now: Industrials, big technology stocks sink

NEW YORK — The latest on developments in financial markets (all times local):

2:07 p.m.

Stocks are falling sharply on Wall Street as big technology and industrial companies take heavy losses.

The Dow Jones industrial average plunged as much as 600 points Tuesday, weighed down by sharp drops in Caterpillar, a heavy equipment maker, and manufacturer 3M.

Caterpillar warned of weaker profits and 3M, like several other manufacturers reporting their quarterly results, said it was seeing...

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