US STOCKS-Wall St tumbles with Microsoft, Caterpillar; data weighs
* Durable goods data sharply below expectations
* New York City mostly spared of snow storm
* Caterpillar, Microsoft shares slide after results
* Indexes down: Dow 1.7 pct, S&P 1.3 pct, Nasdaq 1.7 pct (Updates to morning trading)
By Rodrigo Campos
NEW YORK, Jan 27 (Reuters) - U.S. stocks fell sharply on Tuesday, with Microsoft and Caterpillar shares tumbling after quarterly results, while an unexpected decline in durable goods orders also weighed on sentiment.
Microsoft fell 10 percent to $42.27 the day after the Dow component reported results. The main engine of its historic earnings power, selling Windows and Office to big businesses, is showing signs of waning.
Shares of construction and mining equipment maker Caterpillar fell 7.5 percent to $79.52 after its net profit came in below market expectations.
Many multinational companies have posted disappointing results and forecasts, with the stronger dollar a common culprit. Continuación...