These Capital Goods Stocks are Getting Hammered Now
The markets are down today after a worse-than-expected jobs report from the Bureau of Labor Statistics, and capital goods stocks are no exception.
Caterpillar (NYSE:CAT) shares are down 1.63%, unsurprising considering the manufacturing industry showed no employment growth in June, according to the report. Cummins Inc. (NYSE:CMI) shares are also unsurprisingly down, falling 2.13% today. Honeywell International (NYSE:HON) shares are down 1.77%.
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Deere & Company (NYSE:DE) have dropped 0.69% today after having a positive month, up 7.38% since the beginning of June. Even Boeing (NYSE:BA), whose stocks have been climbing since it made more sales than expected at last month’s Paris Air Show, has taken a significant hit today, down 1.55% and trading well below its 30-day average volume as it heads into the last hour of trading.