By  on July 23, 2007

The Dow Jones Industrial Average closed down 1.1 percent to 13,851.08 Friday as investors cashed in profits after the exchange posted a record high just over 14,000 earlier in the week.

Wall Street also balked as earnings trickled in from several large companies, including Google Inc. and Dow component Caterpillar Inc., both of which posted lackluster second-quarter results, dragging the markets down as investors tasted their first disappointment of the second-quarter earnings season.

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