Today’s close: down 1.77%
Pathetic December car sales didn’t punish the markets all that badly, though profit-taking on Caterpillar was a bit more extreme than the broader indexes.
Closing numbers
Credit: - Friday’s close, 46.91
- Today’s open, 46.90
- Range: 45.81-47.12
- Close: 46.09, -.82 (-1.77%)
- Volume: 11 million
The Indexes:
- Dow, 8,952.89, -81.80 (-0.91%)
- S&P 500, 927.45, -4.35 (-0.47%)
- Nasdaq, 1,628.03, -4.18 (-0.26%)
A bit troubling for the bulls is that Cat’s back to its normal volume range and closed near its low for the day. You’d think if everybody was so gall-durned optimistic about Cat’s prospects, a volume boost might’ve sent the shares higher.