Caterpillar's stock fell 6% due to rising long-term Treasury yields reaching levels not seen in over 20 years, which increases borrowing costs and reduces demand for heavy equipment bought on credit. Deere and PACCAR also saw declines of 4% and 2%, respectively, reflecting sector-wide pressure. Caterpillar is investing $1 billion to expand its compact equipment capacity in North Carolina, aiming to support steadier demand despite current market challenges. Investors should watch Treasury yields for signs of stabilization, which could ease pressure on industrial stocks.
Caterpillar shares are down 5.93% on Pluang, trading at USD 812.20 as of Oct 07, 2026 23:11 WIB, closely matching the reported drop. Deere is also lower by 2.83%, priced at USD 663.49, showing sector-wide weakness in industrial stocks. These moves reflect investor caution amid rising long-term Treasury yields.
