CAT stock pulled Dow Jones Industrial Average futures lower after Baird downgraded the heavy equipment giant, citing New York's data center moratorium.
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CAT Stock Downgrade On Data Center Moratorium Hamstrings Dow Jones Industrial Futures
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08:03 AM ET 07/29/2026
Caterpillar's (CAT) strong order and backlog growth are likely to slow in 2027 and 2028, Baird projected on Wednesday, highlighting the recent New York data center moratorium as an example of growing state and local regulatory pushback. CAT stock dragged the Dow Jones into the red before Wednesday's open, as S&P 500 futures pointed higher. Baird downgraded CAT to neutral…
Caterpillar Inc (NYSE:CAT) shares are retreating Wednesday after Baird stripped the heavy equipment maker of its bullish rating…
CAT stock led Dow Jones Industrial Average winners after the construction machinery and data-center power play hiked its dividend.
Caterpillar Inc. (CAT) is currently at $866.42, down $48.28 or 5.28%
Caterpillar Inc. (CAT) is currently at $788.12, down $52.73 or 6.27%
Shares have added about 18% so far in 2025.
Caterpillar Inc (NYSE: CAT) shares are moving lower on Wednesday as the broader industrial sector came under selling pressure.
