Caterpillar Stock Plunges, Digs Hole for Dow Jones Industrial Average, on Sales, Outlook

Caterpillar shares plunged to a nine-month low on Thursday on a slight earnings miss, even as profits topped, its order backlog grew and its full-year outlook was little changed. On the price-weighted Dow Jones Industrial Average, CAT stock’s 64-point loss, along with tech titan Alphabet (GOOGL), Google’s parent company, wiped out big gains led by Amgen (AMGN). “Our third quarter results reflect the…