The DJIA to pick up 1% as Caterpillar Inc (NYSE:CAT) will go up

Caterpillar Inc shares give chances Dow Jones Industrial Average close to 10,500 points

In brief: Dow Jones Industrial Average will trade higher because of good corporate reporting. Caterpillar Inc continues to surprise stability.

Forecast for The DJIA is optimistic. Blue-chip index managed to regain past losses on Friday, reaching 10,424.62 points. Dow index gained +102.32 (0.99%), and finished a week in green. Caterpillar Inc (Public, NYSE:CAT) gained 1.926%, Caterpillar Inc shares went up to 69.310 USD.

Caterpillar Inc shares on the OTC trades rose by 1 percent after the heavy equipment manufacturer posted good quarterly report and raised the annual forecast. “The fact that corporate reports today in the long run is better than in the past couple of days, we will certainly focus on this”, – said Arthur Hogan of Jefferies & Co. Dow index will continue to rise and may reach 10,500 points on Monday, if the corporate reports are positive.

Igor Tringlers
2010-07-26 13:59, Economics.

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