Caterpillar Costs Dow 255 Points Despite Broader Market Gains

The Dow Jones Industrial Average dropped by 255 points due to Caterpillar's 4.9% decline, but many other stocks barely noticed.

Twenty of the Dow's 30 components rose, despite this drop, while the Invesco S&P 500 Equal Weight ETF remained essentially flat at a 0.02% gain.

The 10-year Treasury yield has increased to 4.71% from 3.97% before the war with Iran began in February, contributing to higher oil prices and inflation concerns.