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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 +0.64% and Boeing Co. /zigman2/quotes/208579720/composite BA -2.36% 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 +0.17% price. Dow futures 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
$ 147.78
+0.94 +0.64%
Volume: 3.33M
Jan. 17, 2020 6:30p
P/E Ratio
14.04
Dividend Yield
2.79%
Market Cap
$81.67 billion
Rev. per Employee
$526,173
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/zigman2/quotes/208579720/composite
US : U.S.: NYSE
$ 324.15
-7.85 -2.36%
Volume: 11.06M
Jan. 17, 2020 6:30p
P/E Ratio
49.71
Dividend Yield
2.54%
Market Cap
$182.43 billion
Rev. per Employee
$660,961
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
29,348.10
+50.46 +0.17%
Volume: 336.87M
Jan. 17, 2020 5:07p
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