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Caterpillar shares fall 5.75% amid rising Treasury yields

TIKR ·

CAT Caterpillar Inc
$687.00 -2.42%
View chart & analysis →
DE +0.39%
  1. 1Caterpillar shares closed at $813.83, down 5.75% on October 7.
  2. 2The 30-year Treasury yield rose to as high as 5.73% during intraday trading.
  3. 3CEO Joseph Creed said demand for gas compression is increasing.

So what's the key point?

Caterpillar shares closed down 5.75%. This was influenced by the rise in Treasury yields.

Source TIKR · View original ↗

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