Today’s close: down .35%
Caterpillar started bad, rallied a tad, sank again and then bounced hard into the close to finish just a whisper from the green Thursday as the markets digested the possibilities of Obama’s Billions. Full quote at Yahoo Finance.
Indexes did much the same: Dow, down 0.09%; Nasdaq, up 0.73%; S&P 500, up 0.17%. Wrap-up at Market Watch.
Cat’s volume of 13.6 million shares was a bit above normal, but the chart pattern is encouraging: a day when the stock tanks at the open and struggles all day, then surges into the close often means a rally’s in the works. Most notably: Support held at $30, as it has several times already in the past couple weeks.