Caterpillar stock was on the rise the day after a general election that resulted in a victory for Republican presidential nominee Donald Trump.
CAT stock rose $6.52 to $91.20 at the end of the trading day Wednesday.
The following is a statement issued by Caterpillar reacting to the election.
“Following what can be described as an interesting and dynamic U.S. election cycle, the voters have spoken, and a new page is turning. All of the sensationalism will hopefully be behind us soon, and our new U.S. policymakers can focus on the work they need to get done. Both ends of the political spectrum recognize that bridges will have to be built. We look forward to working with President-elect Trump and the new Congress.”
“Our policy priorities have not changed. We will continue to urge swift action on a pro-economic growth agenda. There is bountiful evidence that free trade, tax reform, infrastructure investment and smart regulation are critically important to manufacturers’ success. There are many champions of these priorities in both the current and new Congress – we look forward to continuing to work with them.”
“There is still much to be done, and we are focused on finishing the year strong and on a productive note.”