Caterpillar, Agriculture Machinery Stocks Fall on FTC, USDA Equipment Inquiry
MT newswire2026/10/07 15:4111:41 AM EDT, 10/07/2026 (MT Newswires) -- Caterpillar (CAT) shares and other agricultural machinery stocks fell in Wednesday trading after the Federal Trade Commission and the US Department of Agriculture opened a joint inquiry into the agricultural equipment market, including potential anticompetitive practices. The inquiry aims to address growing complaints from farmers about barriers to buying agricultural equipment and accessing parts and services, the agencies said Wednesday in a statement. The regulators are asking farmers, independent repair providers, and current or former employees of equipment manufacturers and dealers to comment on issues. Caterpillar shares fell 6.2%, CNH Industrial (CNH) dropped 5.9%, and AGCO (AGCO) declined 6%. Price: 810.13, Change: -53.31, Percent Change: -6.17
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Fidelity’s Timmer Says AI Bubble Risk Is Not Stock Valuations, but Debt
“Old ginger is spicier”! Outperforming semiconductors and debt panic, post-Buffett era Berkshire (BRK.A.US) hits another record high
Berkshire Hathaway Class B shares rose as much as 3.2% to $543.06 intraday on Wednesday, marking a new all-time high since May 2, 2025. After Buffett announced his resignation a year ago, the stock price fell for several months; now, the market has set a new record high, representing its first valuation of the "post-Buffett era."
BIS closed-door meeting sends message to Wall Street: No signs of “systemic risks” from AI
At a closed-door Wall Street meeting with ticket prices starting at $7,500 and no media access, U.S. Treasury Secretary Bessent stated that she does not see any “systemic issues” with AI, refuting bubble concerns by saying, “This isn’t Pets.com.” She added that those betting on AI are “the smartest people in the world.” These comments come at a sensitive time as AI stocks have seen multiple bouts of volatility recently.
Crypto prices
More
