Today’s close: down 99.%
Another of those “coulda been worse” days. While the rest of the markets took a tentative march into the green, Caterpillar remained stuck in the red, probably because of the lousy Cummins guidance, though there’s some comfort in the shares not having set a new 52-week low. Full quote at Yahoo Finance.
Indexes were all up: Dow, up 1.78%; Nasdaq, up 1.46%; S&P 500, up 1.58%
Cat’s been trading in a narrow band around $30 a share the past couple days and can’t seem to make up its mind where it wants to go, which seems odd in light of the 17.8 million shares traded. I have no sense of where things might be going, which is probably healthy because my senses tend to lie.