Caterpillar Shares Down and 2 Dow Movers Seeing Action Now
The Boeing Company (NYSE:BA) announces that it expects to deliver future 787 Dreamliners on schedule to United Airlines (NYSE:UAL), according to Reuters. Prior to this, United had said that its future 787 deliveries might be delayed.
Caterpillar (NYSE:CAT) is among a number big-cap industrials and tech firms and other companies whose stocks are positively affected by a surprise jump in Chinese purchasing ( and not to any one thing going on in the United States). Others include FedEx (NYSE:FDX) and Joy Global (NASDAQ:JOY), Nike (NYSE:NKE), which sells enormously into China, as well as Eaton (NYSE:ETN), and coal exporter Peabody Energy (NYSE:BTU). It was pointed out by Jim Cramer that China is also a big market for technology, and might be able to single-handedly rescue that sector.
Chevron Corporation (NYSE:CVX) posts its third quarter international upstream earnings of $4.02 billion and international downstream earnings of $233 million, for the same period.
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