Caterpillar Slips, Drags Down Dow as AI Rally Gets Tested
Caterpillar Inc. shares fell hard Wednesday, putting pressure on the Dow Jones Industrial Average as the stock retreated after flirting with record highs days earlier. CAT was last seen at $858.12, off $56.58, or 6.2%. Shares changed hands between $855.13 and $911.91 during the session. Because the Dow is price-weighted, big moves in stocks like Caterpillar, with higher prices, move the index more than lower-priced names.