Why Caterpillar Stock Slumped by Nearly 4% on Friday
It's safe to say the company is not overly supportive of the current trade conflict.It seems that the current round of tariffs enacted by the current presidential administration is going to wound Caterpillar (CAT -3.52%) more than previously expected. On a new, not very encouraging revision of the impact of the levies on the industrial company's business, investors traded out of the stock on Friday. Ultimately, it closed the day almost 4% lower in price, which didn't look good next to the S&P 500 index's re ...