New York, February 8, 2026, 11:24 EST — Market closed.
- Caterpillar jumped roughly 7% by Friday’s close, a surge that pushed the Dow past the 50,000 mark for the first time.
- Eyes are on the postponed U.S. jobs and inflation data as investors brace for a week that could jolt rate-cut expectations.
- Caterpillar jumped ahead of its equipment peers, as money moved out of big tech and into the sector.
Caterpillar, Inc. finished Friday’s session at $726.20, jumping $47.71, or roughly 7%, from the previous close. Shares changed hands between $681.36 and $727.36, with volume coming in around 3.36 million, LSEG data show.
The Dow Jones Industrial Average broke above 50,000 for the first time, with gains in Caterpillar among the drivers. “What’s driven it recently has been the broadening that we have seen in the market,” said Chuck Carlson, CEO at Horizon Investment Services, noting buyers have started to look beyond just tech and AI. Carlson also flagged Caterpillar’s gains from AI-related investment. (Reuters)
It’s not just the charts telling the story. Investors have been shifting money toward smaller, cheaper companies, stepping back from tech-linked trades after a turbulent stretch that wiped out about $1 trillion from software stocks this week, according to Reuters. “We’re instead seeing a wave of aggressive buying of altogether different stocks,” said Tim Murray, capital markets strategy at T. Rowe Price. Simeon Hyman, global investment strategist at ProShares, believes the tilt to dividend growth and smaller companies “is here to stay.” (Reuters)
Index quirks played a role here. Since the Dow weights stocks by price, Caterpillar’s $47.69 surge on Friday ended up driving a hefty portion of the index’s jump—each dollar shift in a constituent throws about 6.16 points onto the Dow. That single CAT move packed a punch. (MarketWatch)
Caterpillar finished ahead of its machinery rivals. Deere rose 3.07% to $583.11, CNH Industrial advanced 3.60% to $12.36, and Toro nudged up 1.35% to $98.20, according to MarketWatch data. (MarketWatch)
Macro matters take center stage next week, with long-awaited U.S. labor and inflation numbers due after a federal shutdown threw off the schedule, S&P Global Market Intelligence noted. The firm projects 70,000 jobs added in January—up from December’s 50,000—while unemployment is expected to stick at 4.4%. Traders will be watching for any moves in Fed outlook when the delayed data finally land. (S&P Global)
The Bureau of Labor Statistics has the January Employment Situation report coming up at 8:30 a.m. ET on Wednesday, Feb. 11. Then on Friday, Feb. 13, the January Consumer Price Index is set for release, also at 8:30 a.m. ET. (bls.gov)
Caterpillar traders are now weighing if Friday’s jump sets a base or just marks a quick top for fast money. Cyclical stocks like this usually react more to shifts in rate outlook and growth cues than the big tech names.
No mystery here: if inflation runs hot or a surprise in jobs data reignites wage pressure worries, bond yields could spike and industrial stocks take a hit. On the flip side, weaker numbers might have the reverse effect, keeping cash flowing into “real economy” names.
Volatility hasn’t gone anywhere. Should the tech rout that rocked markets this week spark up again, it could pull down the winners too—particularly after their recent surge.
Besides jobs numbers and CPI, investors are eyeing retail sales, the Employment Cost Index, and fresh Fed commentary for hints about the path and pace of potential rate cuts in 2026. Trading Economics identified these releases as major market movers for the upcoming week. The consensus? Payrolls up by 70,000, monthly CPI climbing 0.3% for January. (tradingeconomics.com)
