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Cat Stock Blog

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


Today’s close: down 5.87%

Cat's close, 1-22-09CNH’s lousy earnings report rained redness on everybody in the construction sector Thursday. Caterpillar got spanked pretty hard in the early going but rebounded a bit as the day wore on. News that Microsoft planned to lay off 5,000 didn’t help the mood much, either. Full quote at Yahoo Finance.

The major indexes weren’t nearly as bruised: Dow, down 1.28%; Nasdaq, down 2.76%; S&P, down 1.52%. Closing wrap-up at Market Watch.

Nothing good to say about Cat’s volume today (unless you’re short): At 19 million shares, it’s way, way over the average of 11 million — about 80 percent above normal. Not what bulls want to see on a big down day.

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Tom Mangan posted at 1:24 pm January 22nd, 2009 |

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