--- title: "Caterpillar's stock hits a milestone as roaring industrials rally sweeps up Wall Street" type: "News" locale: "en" url: "https://longbridge.com/en/news/290462785.md" description: "Caterpillar's stock surpassed $1,000 for the first time, driven by a 78% year-to-date gain and strong demand from AI-related infrastructure spending. It is one of only two Dow Jones Industrial Average constituents above this price threshold. The surge highlights the industrials sector's outperformance, fueled by reindustrialization trends and data center capital expenditure." datetime: "2026-06-22T16:47:23.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/290462785.md) - [en](https://longbridge.com/en/news/290462785.md) - [zh-HK](https://longbridge.com/zh-HK/news/290462785.md) generator: "portal-rs" --- # Caterpillar's stock hits a milestone as roaring industrials rally sweeps up Wall Street By Emily Bary Caterpillar is the hottest stock in the Dow this year, and now one of just two in the index with a price above $1,000 Caterpillar's stock has climbed 78% so far this year to reach a price above $1,000. Caterpillar's stock stands above the rest of the Dow Jones Industrial Average this year, and its notable outperformance has now resulted in a major milestone. For the first time, shares of Caterpillar (CAT) climbed past the $1,000 mark in Monday's trading. Goldman Sachs Group's stock (GS) is the only other constituent above $1,000 in the Dow DJIA, which weights companies by price rather than by market capitalization. That means highly priced stocks can have an outsize impact on the index's direction. Caterpillar's stock was the best Dow performer in Monday trading, as well as on a month-to-date and year-to-date basis. Shares are up 78% so far this year and easily on track for their best first-half performance on record, according to Dow Jones Market Data. The current record is a 42.7% gain seen in the first half of 1997 This highlights that, for all the buzz about technology stocks, the industrials sector has been a hot area for investors this year. In many ways, the stories are linked, as industrials companies offer equipment, power and other products or services that are benefiting from strong artificial-intelligence-linked demand. Don't miss: Here are 20 growth stocks you can buy at 'value' prices For instance, Caterpillar's power and energy segment "is becoming increasingly dominant as demand for its large reciprocating engines and turbines swells with data-center/AI capital spending," Gimme Credit analyst Carol Levenson wrote in a recent note to clients. This segment now accounts for about 40% of Caterpillar's revenue, similar to the contribution that the company gets from its construction-industries business, she said. The industrials sector XX:SP500.20 of the S&P 500 SPX is up about 17% so far this year and is the index's third-best-performing sector of 2026 to date, according to Dow Jones Market Data. The sector is on track for its strongest first-half performance since 2019. "If we go back five years or so, the opportunity was we're building more roads, we're building more bridges, and infrastructure was stage one," Chris Semenuk, an investment partner at Tema ETFs, said on an episode of the "Other People's Money" podcast last week. With that infrastructure now built, the focus is broadening out, he noted. Semenuk pointed to "unprecedented" backlogs at companies like Caterpillar and GE Vernova (GEV) as evidence of the "reindustrialization" theme. He thinks Caterpillar could start posting at least $10 in quarterly earnings per share by 2029, up from $5.54 in the most recent quarter. See also: Google shake-up highlights how human brains may be the scarcest AI resource of all -Emily Bary This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. (END) Dow Jones Newswires 06-22-26 1247ET ### Related Stocks - [CAT.US](https://longbridge.com/en/quote/CAT.US.md) - [CATG.US](https://longbridge.com/en/quote/CATG.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [GS.US](https://longbridge.com/en/quote/GS.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [GEV.US](https://longbridge.com/en/quote/GEV.US.md) - [W4VR.SG](https://longbridge.com/en/quote/W4VR.SG.md) ## Related News & Research - [Oak Harvest Investment Services Acquires 10,203 Shares of Caterpillar Inc. $CAT](https://longbridge.com/en/news/296461343.md) - [Tufton Capital Management Sells 2,156 Shares of Caterpillar Inc. $CAT](https://longbridge.com/en/news/296461340.md) - [A $20 Billion Reason Why Caterpillar Stock Is Soaring Today](https://longbridge.com/en/news/294869086.md) - [3 Next-Gen AI Stocks That 3G Capital Bought in Q2](https://longbridge.com/en/news/296496173.md) - [Caterpillar Inc. Stock Underperforms Monday When Compared To Competitors](https://longbridge.com/en/news/296826464.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**