Caterpillar shares fell 7.27% to $661.54 in the session after its third-quarter report, and CNBC named Caterpillar and Alphabet as the two earnings reports dragging the S&P 500 lower. Adjusted EPS of $7.20 beat the $7.04 consensus, but revenue of $20.68 billion, up 17.26% year over year, slightly missed the $20.69 billion expectation, and the EPS beat narrowed to 2.37% from 31.83% in Q2. Operating profit included $128 million of tariff recoveries versus $392 million in Q2, and management gave no numeric guidance, though Power Generation sales rose 30% on data-center turbines and engines. The article notes that three ETFs holding Caterpillar, XLI (8.51% weight), FIDU (5.40%) and VYM (1.50%), still rose in the session as the rest of their portfolios offset the decline.
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| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/28/2026 | 772.35 |
| Change that session | +0.35% |
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