On Friday, Shares of Caterpillar Inc (NYSE:CAT), lost -1.80% to $73.11.
Caterpillar Inc, Director of Investor Relations Rich Moore will speak at the 2015 RBC Capital Markets’ Industrials Conference on Wednesday, September 9, 2015. He is planned to speak at 1:20 p.m. Pacific Time. No presentation materials will be available.
Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. The company’s Construction Industries segment offers backhoe, small wheel, skid steer, multi-terrain, compact track, medium and compact wheel, and track-type loaders; mini, wheel, and track excavators; track-type tractors; and select work tools, motor graders, telehandlers, soil compactors, and pipelayers, in addition to its related parts for the heavy and general construction, rental, mining and quarry, and aggregates markets.
Shares of Encana Corporation (USA) (NYSE:ECA), declined -2.15% to $6.83, during its last trading session, as equities drag down oil prices amid the latest U.S. jobs data.
Oil markets continue to move in tandem with equity markets recently, as both fall amid U.S. employment data that showed jobs growth grew at a slower rate than predictable in August, The Wall Street Journal reports.
The report also comprised positive data, such as a rise in wages and fall in unemployment, that reignited speculation about a September interest rate hike by the Fed, according to Reuters. Higher rates would likely weigh on oil prices by strengthening the dollar and upping the relative cost of oil for foreign currencies.
Additionally, new data recently showed the U.S. oil rig count ended its streak of six weeks of improvements, falling by 13 to 662 in the most recent week, according to a report by Baker Hughes.
WTI crude is down 0.36% to $46.58 per barrel, while Brent crude is decreasing 0.89% to $50.23 per barrel this afternoon, according to the CNBC.com index.
Encana Corporation, together with its auxiliaries, engages in the development, exploration, production, and marketing of natural gas, oil, and natural gas liquids in Canada and the United States.
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