Caterpillar Stock Bucking Fed-Driven Market Sell-Off

Caterpillar Inc., a heavy equipment manufacturer, saw its stock rise by 0.3% on the New York Stock Exchange (NYSE) on September 16, 2026, closing at $788.84. This movement came as the broader US market experienced a sell-off following the Federal Reserve's rate hike, with the S&P 500 down 0.4% to 7,551.81.

The company's shares traded within a narrow range of $786.80 to $791.88 during the session, reflecting a relatively stable performance compared to other heavy equipment manufacturers. Caterpillar outperformed both the S&P 500 and the Dow Jones Industrial Average on the day, with its stock adding around 0.52%.

The Federal Reserve's decision to raise interest rates by a quarter percentage point and signal further tightening is expected to impact sectors sensitive to monetary policy changes. Heavy equipment manufacturers, including Caterpillar, may see higher long-term rate expectations influence their trading in the coming days.