Caterpillar is trading 3.1% up now at $883.09 after market coverage highlighted UBS’s view that industrial recovery, capital spending, pricing, and demand are improving.
- The move follows Caterpillar’s record second-quarter results, raised 2026 outlook, and $72.1 billion backlog, which continue supporting bullish sentiment.
- Bitcoin and Ethereum are up only 1.55% and 1.18%, respectively, so crypto is not a meaningful explanation.