The low opening on Wall Street followed big drops in Asia and Europe. (AP Photo/Richard Drew)
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Caterpillar tumbled 7.9 percent after the heavy-duty equipment maker maintained its 2018 earnings forecast, while 3M Co. slid 6.9 percent after cutting its full-year profit forecast due to currency headwinds.Profits of S&P 500 companies are expected to have risen 22.1 percent in the third quarter, slower than the previous two quarters, according to Refinitiv data.Growth is expected to slow to 19.6 percent in the fourth quarter.At 11:10 a.m. EDT the Dow Jones Industrial Average was down 368.34 points, or 1.45 percent, at 24,949.07, the S&P 500 was down 45.23 points, or 1.64 percent, at 2,710.65 and the Nasdaq Composite was down 151.30 points, or 2.03 percent, at 7,317.33 .
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