Caterpillar Falls 4% While Deere Edges Higher: Is the Data Center Power Trade Unwinding?
Caterpillar shares fell 4% to $783.15 in Monday trading, leading industrial stocks lower, while Deere edged higher. The article raises the question of whether the data center power trade is unwinding.
Why it matters — A DE watcher would care because Caterpillar's decline in the industrial sector may signal broader market moves affecting machinery companies like Deere.