Caterpillar’s stock is sinking. Here’s what that means for the Dow.
Summary
Caterpillar shares are on track for their steepest single-day drop in seven years following disappointing results across several business units. While the data center segment remains strong, weaknesses elsewhere are weighing heavily on the stock and impacting the broader Dow index.
Caterpillar’s data-center business is fine, but other areas disappointed. The stock was heading for its biggest loss in years.
Source: Read the full story at MarketWatch.com - Top Stories
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