Major indexes are lower following earlier economic data, with weakness in Caterpillar shares also pressuring the Dow. Investors also await the upcoming Fed decision.
Portfolio Pulse from Benzinga Newsdesk
Major stock indexes have declined after the release of economic data, with Caterpillar's share weakness contributing to the Dow's downturn. Investors are in anticipation of the Federal Reserve's upcoming decision.
April 30, 2024 | 7:11 pm
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NEGATIVE IMPACT
Caterpillar's shares have experienced weakness, contributing to the Dow's overall decline.
Caterpillar's share performance is directly mentioned as a contributing factor to the Dow's decline, indicating a negative short-term impact on its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90