The Dow Jones Industrial Average fell more than 250 points Monday, as the S&P 500 and Dow indices fell hard as well.
Caterpillar announced an EPS miss of about 15%. Sales also missed estimates, which put a dent in investors' expectations for industrial output and future U.S. sales. Caterpillar shares were down 9.18% to $124.29.
Nvidia announced it expects roughly $2.2 billion in sales for the quarter it will soon report, down from the $2.7 billion initially expected. Nvidia shares were down 14.01% to $137.71.
Nvidia pre-announcement brought down shares of Advanced Micro Devices Inc. (AMD) by 7.92% to $20.19 Monday afternoon. AMD reports earnings Tuesday after the closing bell. Nvidia reports Feb. 14.
See what big U.S. companies will report earnings Tuesday here.