Caterpillar Inc. (CAT) reported a 12% increase in April worldwide retail sales of machines Thursday morning. Worldwide sales of machines in March and February were up 18% and 21% respectively.
Caterpillar gapped open lower Thursday and declined until mid-morning. The stock closed down by 4.06 at $87.80 on above average volume. Caterpillar has been falling for the past 3 weeks and closed at a 5-month low.
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