Caterpillar stock slides 3.6% as oil spike shakes industrial bellwethers
Shares of Caterpillar Inc slid 3.6% on Thursday, closing the session at $706.08. Earlier, the stock had dropped as low as $693.81. Caterpillar stands out as one of the rare U.S. industrial heavyweights capable of shifting sentiment single-handedly. With its elevated share price, the stock packs even more punch in the price-weighted Dow Jones Industrial Average, where pricier names exert greater influence over index moves.