StocksMedium•7 October 2026•
1 min read
Caterpillar Stock Slumps 6% as Long-Term Yields Hit 20-Year Highs
Key Facts
1Caterpillar stock dropped 6% to $811 as rising long-term borrowing costs pressured the industrial sector.
2Deere shares fell 4% and PACCAR eased as companies selling heavy machinery on credit were hit by higher yields.
Caterpillar stock dropped 6% to $811 as rising long-term borrowing costs pressured the industrial sector. Reuters reported that Deere shares fell 4% and PACCAR eased as companies selling heavy machinery on credit were hit by bond yields reaching their highest levels in more than two decades.
CAT closed at $863.44 on October 6, 2026, while DE closed at $682.79 and PCAR closed at $109.32 on the same date. The sell-off reflects higher financing costs impacting the sales outlook for major manufacturers, despite Caterpillar announcing a $1 billion investment to expand its manufacturing capacity in North Carolina.