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Caterpillar Inc. (NYSE:CAT) stock news and links


Today’s close: Down 4.65%

A massive build-up in crude oil inventories shelled the oil futures to the tune of 12 percent and bad news from Alcoa, Intel and a fraudulent Indian outsourcing firm put everyone in a selling mood. Caterpillar helped lead the downhill slide, giving up 4.65 percent to close at 43.67, down 2.13. from Tuesday’s close. More at

Things weren’t quite so bloody in the broader indexes: The Dow lost 2.72%, the Nasdaq lost 3.23% and the S&P 500 fell 3.00%. More at the Market Watch wrap.

For all the Obama-mania over infrastructure possibilities, I don’t see what keeps the legs under a rally when the bad news keeps raining down like this.

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Tom Mangan posted at 1:26 pm January 7th, 2009 |

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