Caterpillar Inc is trading 3.1% down at $911.50 as investors pull back from equities following stronger-than-expected U.S. jobs data and rising yields.
- The move appears tied to a broad risk-off tone impacting cyclical and industrial names rather than a fresh company-specific catalyst or rating change.
- The decline follows a strong multi-month rally for the stock, which has been driven by a record backlog and significant exposure to AI data-center infrastructure.