Heavy equipment makers lag the broader market after Caterpillar (CAT -3.2%) lowered its 2015...

|About: Caterpillar Inc. (CAT)|By:, SA News Editor

Heavy equipment makers lag the broader market after Caterpillar (CAT -3.2%) lowered its 2015 guidance due to slumping demand for mining equipment as well as a sluggish global economic recovery. CAT's cautious forecast is infecting other stocks that also depend on countries like China to keep building homes and factories: JOY -4%, TEX -4.2%, MTW -5.5%.