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Why Shares of Caterpillar Slumped in June

Why Shares of Caterpillar Slumped in June

Shares of construction, mining, and energy equipment company Caterpillar (NYSE: CAT) fell 17.2% in June, according to data provided by S&P Global Market Intelligence. Caterpillar is one of them. This reflects the slump in mining and energy spending in response to the fall in energy and mining commodity prices.