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Caterpillar Stock Drops Amid North Carolina Manufacturing Investment Plans

Guavy AI Editorial Team
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CAT
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Caterpillar stock closed at EUR 717.50 after-hours on September 30, down 1.66 percent from its prior close of EUR 729.60.

This drop is a continuation of the stock's trend below its previous closing price at Lang & Schwarz.

In related news, Caterpillar announced plans to invest approximately $1 billion in North Carolina to expand manufacturing capacity for its Cat Compact business.

The investment will include a new manufacturing facility in Sanford designed to increase production of compact track loaders and telehandlers.

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