See the full story in the original article.
Original headline: Caterpillar’s stock heads for worst day in 7 years — and what that means for the Dow
Read the original on MarketWatch ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/28/2026 | 772.35 |
| Change that session | +0.35% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Caterpillar Revenue Miss, Outlook Dig Hole For Dow Jones Industrial Average
- Stock Market Today: Dow, Nasdaq Rise As Fed Chief Looks To Productivity Gains (Live Coverage)
- Dow Jones Futures: Growth Stocks Rally, Tesla Clears Buy Point; Fed, Microsoft, Google On Tap
- Stock Market Today: Dow Up Ahead Of Fed Decision; Nasdaq Jumps, Broadcom Pops On This (Live Coverage)
- Stock Market Today: Dow Rises Ahead Of Fed Meet; Boeing Rallies On Earnings (Live Coverage)
- Stock Market Today: Dow Up, These Stocks Gain On Musk Talk; DoorDash Dives (Live Coverage)
Related markets
Latest news
- Christine Lagarde, Boris Vujčić: Monetary policy statement
The ECB Governing Council decided to keep its three key interest rates unchanged. Energy prices kept rising, raising upside risks to inflation and downside risks to growth, and financing conditions have tightened since the last meeting. Inflation rose to 3.8% in September from 3.2% in August, with energy inflation at 18.9% (from 14.3%) and inflation excluding energy at 2.3% (from 2.1%). The unemployment rate was 6.4% in August, and the wage tracker projects negotiated wage growth of 2.5% to 2.8% for the rest of 2026 and an average of 2.6% in the first three quarters of 2027. The ECB said it will set policy based on data at each meeting and is not pre-committing to a rate path.
- Nvidia CEO Huang caught up in reported Chinese spy probe as AI stocks slide
As AI stocks slid on concerns about infrastructure costs and uncertain returns, the New York Times reported that U.S. intelligence agencies concluded Alice Huang, an executive at Singapore-based data center company Megaspeed suspected of helping China obtain restricted Nvidia chips, was also gathering intelligence for Beijing. Surveillance reportedly showed she had a close relationship with Nvidia CEO Jensen Huang, raising concerns about access to sensitive information. President Donald Trump was briefed on the findings roughly a year ago but chose not to act, according to the Times, citing concerns about disrupting Nvidia's chip sales and China trade relations. Megaspeed's Malaysian affiliate purchased at least $4.8 billion in AI equipment containing Nvidia chips between June 2024 and February 2026, according to trade records cited by the Times. Nvidia said its dealings with Alice Huang were ordinary business and that customers such as Megaspeed receive no sensitive trade secrets or national-security-relevant information.
- Alphabet tumbles, software and cybersecurity stocks sink as earnings disappoint: AlphaCheck
Stocks fell Thursday as cybersecurity and software shares dropped after disappointing forecasts. Alphabet (GOOG, GOOGL) posted a rare miss on both top and bottom lines, dragging down Big Tech. Microsoft (MSFT) erased its after-hours gain despite strong results reported Wednesday. The tech sector (XLK) declined, pulling Nvidia (NVDA), AMD (AMD) and Broadcom (AVGO) lower, while Brent crude fell more than 2% to below $110 per barrel and WTI traded near $100.
- Alphabet downgraded, eBay upgraded: Wall Street's top analyst calls
According to The Fly, Wells Fargo upgraded eBay (EBAY) to Equal Weight from Underweight with a price target of $106, up from $91, while Deutsche Bank upgraded PDD Holdings (PDD) to Buy with a $105 target. Citizens downgraded Alphabet (GOOGL) to Market Perform from Outperform, saying monetization appears challenged even though query growth reached a five-year high, and Barclays downgraded PayPal (PYPL) to Underweight with a $53 target, down from $56. Argus downgraded Wendy's (WEN) to Sell from Buy after a non-binding proposal from Trian Fund Management and others to acquire the shares not owned by the Investor Group for $7.35 per share in cash. BofA double downgraded Sprouts Farmers Market (SFM) to Underperform from Buy with a $47 target, down from $100, citing a challenging consumer environment and the cyclospora disruption. Oppenheimer downgraded Boston Scientific (BSX) to Perform, and Jefferies downgraded it to Hold.
- Microsoft beat estimates while Google looks at a value hit, and rising risks at Nvidia
The 8:30 show covers the day's top stories, including earnings from Microsoft (MSFT) and Alphabet (GOOGL)(GOOG), mounting risks at Nvidia (NVDA), and the new touchscreen laptop Apple (AAPL) just debuted.
- European Central Bank keeps key interest rate on hold at 2.5%
The European Central Bank held its deposit facility rate at 2.5% on Thursday, as expected, after a 25 basis point hike in September, even though euro zone headline inflation rose to 3.8% last month, the highest since September 2023. The Governing Council said rising energy prices pose upside risks to inflation and downside risks to growth, while underlying inflation and wages are broadly stable and financing conditions have tightened. Energy price inflation reached 18.8% amid Middle East turbulence. Deutsche Bank's Mark Wall said the policy path is harder to predict and expected one more hike to 2.75% in December, probably the end of the hiking cycle, while Christine Lagarde is still president. He added that the institution is bigger than any one person, but uncertainty remains about decisions next year after Lagarde's announced departure.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.