The industrial stock investors are talking about in 2026 does not make chips, code or clouds.
It makes diesel generators, turbines and the heavy machinery that clears ground for the facilities they power.
Caterpillar, a 100-year-old manufacturer better known for bulldozers and excavators than energy infrastructure, posted its best day on the market in 17 years.
Shares jumped 12%, hauling the Dow up with them.
The immediate trigger was a second quarter that beat expectations on nearly every measure.
