Tag: caterpillar
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Stocks Rally Amid Takeovers, Caterpillar
U.S. stocks ended higher on Monday as a round of corporate takeovers and strong earnings from Caterpillar boosted investor sentiment. The Dow Jones Industrial Average rose 104.83 points, or 0.89%, to 11,913.62, led by a 5% rise in Caterpillar, Inc. The S&P 500 rose 15.94 points, or 1.29%, to 1,254.19, led by natural-resource stocks and…
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Stocks Opened Higher on Deal News, Earnings
U.S. stocks opened higher on Monday on cautious optimism over signs of progress toward a debt deal in Europe and strong results from Caterpillar Inc. The Dow Jones Industrial Average lately rose 58.51 points, or 0.50%, to 11,867.30. The Standard & Poor’s 500 Index added 8.37 points to 1,246.62. The Nasdaq Composite advanced 1.04%, or…
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Stocks Open Mostly Off as Caterpillar Weighs
U.S. stocks struggled Friday as Caterpillar’s profit missed estimates. The Dow Jones Industrial Average lately fell 57.59 points to 12,666.82. The Standard & Poor’s 500 Index was down 4.491 points to 1,339.31. The Nasdaq Composite Index was off 1,339.31 point to 2,834.26. Caterpillar Inc.’s second-quarter earnings surged 44%, but fell short of views, as machinery…