Today’s close: Down 1.68%
Sellers came back to town Monday as Caterpillar drifted lower all day amid fretting over falling oil prices and a general wait-and-see outlook on Bank Rescue Plan No. 14,472, to be unveiled Tuesday. Full quote at Yahoo Finance.
Indexes were essentially flat: Dow, down 0.12%; Nasdaq, 0.01%; S&P 500, up 1.28 (0.15%). Wrapup at Market Watch.
Caterpillar’s volume of 9 million shares was considerably below average, revealing little conviction in today’s selling, which seemed mostly like profit-taking after last week’s late boost. The whole world’s waiting to see what Congressional Cavalry is cooking up. That could drive the action till Obama inks his signature on the stimulus package.