🔴 CAT is trading 3% down today with broader market

CAT is trading at -3% now at $625.61, aligning with the broader market weakness driven by tech sector concerns.

• The broader market is significantly lower, with the S&P 500 off 1.05% and the Nasdaq dropping 1.50%.
• Weakness is attributed to tech sector concerns following guidance from Oracle and Broadcom regarding AI spending.
• Despite recent Q3 revenue growth and all-time highs near $626, the stock is currently aligning with industrial sector rotation out of cyclicals.