Caterpillar stock pulls back after tariff warning — what Wall Street watches next
Caterpillar shares fell 1.1% to $657.36 Friday after warning tariff-related costs could reach $2.6 billion in 2026, up from $1.8 billion in 2025. Fourth-quarter sales jumped 18% to $19.1 billion, driven by surging demand for power generators. The company ended 2025 with a record $51 billion backlog but expects profit margins to stay near the low end of its target range.