Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Friday, October 20, 2006

Caterpillar at Snail's Pace

Caterpillar posted a very disappointing earnings report today, making its shares plunge 14.5%. The heavy-machinery company is a key player in the Dow Jones Industrial Average, so the fall took its effect, with the Dow ending down a little over 9 points. No need to worry - it still closed above 12000...again. Google jumped 7.9%, helping the tech-heavy Nasdaq end higher today. Concerns over Caterpillar were also helped by another fall in oil prices. Those low oil prices make my weekend travel plans so much better. Be safe! DJIA: -9.36 Nasdaq: +1.36 S&P 500: +1.64