CAT Stock Lifts Dow Jones With Massive Earnings Beat Caterpillar's second quarter earnings report sent shockwaves through Wall Street, with its astronomical backlog increasing 92% from last year to a staggering $72 billion.
This surge in demand has been hailed as a bellwether for the economic recovery, but it also raises questions about the sustainability of growth in an era of increasing resource scarcity and environmental pressure.
The company's dominance in the gas turbine market is a key factor driving its success.