US stock futures showed mixed signals before the Independence Day weekend, with Dow Jones futures up 0.2%, S&P 500 steady, and Nasdaq futures down 0.3%. The caution follows a weak session where Nasdaq fell 0.7%, pressured by semiconductor and AI-related stocks, notably Caterpillar which dropped 7% after a bearish investor position was disclosed. This affected the broader AI sector and caused ripple effects in Asian markets. Investors are awaiting the June non-farm payrolls report, expected to show slower job growth, which will influence Federal Reserve rate decisions amid ongoing inflation concerns and a hawkish Fed stance. The dollar weakened slightly, with the yen gaining on speculation of possible intervention during the US holiday.
Caterpillar Inc. has launched a $5 million workforce initiative in Texas to prepare workers for advanced manufacturing and industry technician roles. The investment aims to reduce training barriers, define future job skills, and connect individuals t...
Michael Burry, known for his bearish market bets, shorted Tesla stock at $416.22 after its recent 11% weekly rally to $420.60. Despite Tesla's stock surge, Burry anticipates a long-term decline, citing weakening investor confidence due to falling EV ...
Investor Michael Burry has taken a bearish position against Caterpillar, shorting its shares at $1,060.98, citing the stock as overvalued amid the AI investment boom. Caterpillar's shares surged 86% in the first half of 2026, driven by its perceived ...
The Gabelli Growth Innovators ETF (GGRW) declined by 7.6% in the first quarter, lagging behind the S&P 500's 4.4% loss. The fund initiated new positions in companies like American Express, Booking Holdings, and Caterpillar, while its top contributors...
