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July 24, 2019, 7:56 a.m. EDT

Boeing, Caterpillar stock drops a 55-point drag on the Dow

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By Tomi Kilgore

The declines in shares of Caterpillar Inc. /zigman2/quotes/203434128/composite CAT +1.54% and Boeing Co. /zigman2/quotes/208579720/composite BA +1.10% in premarket trading Wednesday, after the industrial companies reported second-quarter results, was acting as a 55-point drag on the Dow Jones Industrial Average's /zigman2/quotes/210598065/realtime DJIA +0.14% price. Dow futures /zigman2/quotes/210407745/delayed YMU19 +0.04% dropped 92 points. Caterpillar's stock slumped 3.5% after missing profit expectations; the implied price decline would shave about 33 points off the Dow. Boeing shares shed 0.9%, after swinging to a large second-quarter loss amid 737 Max woes, with the implied price decline taking about 22 points off the Dow.

Read the full story:
S&P 500, Nasdaq stock indexes close at record but Dow grounded by Boeing

/zigman2/quotes/203434128/composite
US : U.S.: NYSE
$ 133.78
+2.03 +1.54%
Volume: 3.70M
Sept. 13, 2019 6:30p
P/E Ratio
12.46
Dividend Yield
3.08%
Market Cap
$75.26 billion
Rev. per Employee
$526,173
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/zigman2/quotes/208579720/composite
US : U.S.: NYSE
$ 379.76
+4.13 +1.10%
Volume: 3.63M
Sept. 13, 2019 6:30p
P/E Ratio
44.47
Dividend Yield
2.16%
Market Cap
$213.70 billion
Rev. per Employee
$660,961
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
27,219.52
+37.07 +0.14%
Volume: 255.26M
Sept. 13, 2019 4:56p
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/zigman2/quotes/210407745/delayed
US : U.S.: CBOT
$ 27,230.00
+12.00 +0.04%
Volume: 118,424
Sept. 13, 2019 4:00p
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