$Caterpillar(CAT.US) dropped by four points, $Boeing(BA.US) saw a slight decline 😪
There wasn't much company-specific news for these industrial giants; they were simply adjusting along with the broader market. Cyclical stocks like machinery tend to be reduced first when risk appetite weakens.
The order books remain robust. After the pullback, $Boeing(BA.US) and $Caterpillar(CAT.US) are highly likely to remain core holdings for institutional investors.
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