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المشهد العربي
Caterpillar shares dip on rate hike fears
Caterpillar's stock price dropped by 4.90%, reaching $838.48, amid concerns over the impact of monetary tightening and tensions in the Middle East on global markets. Despite this, the stock remains up by 46.35% since the beginning of the year, following quarterly results that exceeded expectations. The decline in the stock was driven by rising oil prices, a surge in U.S. bond yields, and escalating trade and geopolitical tensions, especially with the imposition of U.S. tariffs on imports from Canada and the end of negotiations without an agreement, which could negatively affect the company's sales.
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