SS Industrial Select Sector

Caterpillar Drops 6% as Industrials Sell Off With Long Yields at a Two-Decade High; Deere Falls 4%, PACCAR Eases

Rising long-term borrowing costs are landing hardest on the companies that sell big machines on credit, and Caterpillar (NYSE:CAT) is absorbing the heaviest blow in the group. Caterpillar stock is down 6% to $811.70 in morning trading, with long-dated Treasury yields pushing to their highest level in more than two decades. Meanwhile, shares of Deere […]

Yahoo · 10/7/2026