Why Caterpillar stock is slipping today: AI data-center power bets meet year-end trading
Caterpillar shares slipped 0.2% to $577.21 in light year-end trading Tuesday as U.S. stocks edged lower. The Wall Street Journal reported Joule Capital Partners plans to buy over 700 Caterpillar generators for a Utah data center. An SEC filing showed CEO Joe Creed acquired 26 phantom stock units under a deferred compensation plan.