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Caterpillar To Increase Prices Worldwide

By Market News Video Staff, Thursday, September 30, 7:51 PM ET

Dow component Caterpillar (NYSE:CAT) announced on Thursday that it will be raising its prices by 2% worldwide starting in January 2011. This news follows the company's 2Q earning report from July that indicated demand was returning from the industrial sector, especially from overseas clients in Asia and Brazil. Since the beginning of July, shares of Caterpillar have climbed more than 30%, helping ETFs like the Industrial Select Sector SPDR Fund (AMEX:XLI), the Emerging Markets Infrastructure Portfolio (AMEX:PXR), the SPDR Dow Jones Industrial Average ETF (AMEX:DIA) and the Vanguard Industrials ETF (AMEX:VIS).

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This Article's Word Cloud:   AMEX   Asia   Average   Brazil   Caterpillar   ETFs   Emerging   Fund   Industrial   Industrials   Infrastructure   January   Jones   July   Markets   NYSE   Portfolio   SPDR   Sector   Select   Since   This   Vanguard   announced   climbed   company   component   demand   earning   especially   follows   from   have   helping   indicated   industrial   like   more   news   overseas   prices   raising   returning   sector   shares   starting   than   that   will   worldwide
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