$CAT

On Monday, Aug 10, 2026, the Dow Jones Industrial Average fell 60.95 points, or 0.11%, to close at 53,975.98, after opening at 54,072.66 and briefly dropping to 53,850.19. The move followed a weak US jobs report and rising crude prices tied to Strait of Hormuz uncertainty, with tech weakness offsetting energy strength.

Investing.com cites Bernstein analysts saying U.S. data center construction could rise from 12 GW in 2026 to 35 GW by 2030, but labor shortages in mechanical, electrical and plumbing trades may cap growth. Bernstein estimates 100 MW projects need about 90 such workers. The article flags overbuild risk for power-equipment suppliers, naming Caterpillar (CAT) and Cummins (CMI), and potential benefits for Eaton, Schneider Electric, Vertiv, Quanta Services, Comfort Systems USA and EMCOR.

Soros Capital Management said its Q2 2026 equity portfolio rose to $559M and shifted toward semiconductors and AI. New stakes included Micron (MU) $42.5M, Applied Materials (AMAT) $34.5M, Flex (FLEX) $32.2M, AMD $30.2M, and ON Semiconductor $20.6M. TSM rose to $37.5M. It also added EWY $42.8M and cut industrial and energy holdings.

Michael Burry, via his Substack post, said he added to his short position in Micron Technology (MU) as the stock rose toward about $1,000, and rolled Invesco QQQ Trust (QQQ) put options to higher strikes and later expiries. He reported being roughly breakeven on shorts but shifting toward losses as markets rallied. The article cites MU’s strong FY2026 results and guidance.

Dozens of Lebanese Americans filed a class action in Michigan against the US government and defense contractors, alleging violations of the Leahy Law by US support to Israel during the Lebanon war. Defendants include Secretary of State Marco Rubio and firms Lockheed Martin, Boeing, and Caterpillar. Plaintiffs cite alleged indiscriminate force damaging their property and seek class status for tens of thousands.

Caterpillar (CAT) reported Q2 2026 results before the open on Aug. 4. EPS was $8.17 versus an estimate of $6.20, and revenue was $20.54 billion versus $19.20 billion. The company said data center demand supported Power Generation and construction volumes in North America and noted a growing backlog across all three segments.

According to The Wall Street Journal, more than 40 S&P 500 companies reported about $9.6 billion in US tariff refunds over the past quarter, after a Supreme Court decision invalidated part of Trump’s tariff policy. Apple reported nearly $2.2 billion, Nike $986 million, and FedEx about $800 million. Some refunds boosted earnings per share, while accounting varies and some firms plan to pass benefits to customers.

An Arab American Civil Rights League filed a proposed federal class-action in Michigan against Boeing, Lockheed Martin, Caterpillar and Secretary of State Marco Rubio, alleging they enabled Israeli military operations in Lebanon that damaged U.S. citizens’ property. The 79-page complaint cites alleged arms and equipment supply and Leahy law limits, and seeks injunctive relief.

July CPI rose 0.1% vs. expectations, with annual inflation easing to 3.4% from 3.5%. Core CPI increased 0.2% monthly and 2.5% yearly. S&P 500, Nasdaq, and Dow were modestly higher after the report. Memory stocks rallied on demand forecasts, while Nvidia gained on Super Micro’s Q4 2026 outlook.

The U.S. Army, after ending its ARCS autonomy software backbone plan, says it will rely more on industry to deliver mission-specific autonomous capabilities, according to Army CTO Michael Rose. Rose said contractors will provide top-down solutions and form pre-arranged teams. The Engineer Autonomous Breaching Capability program awarded prototyping contracts to Caterpillar, Forterra, IDV USA, and Overland AI.