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Caterpillar Jumps 4% as China Approves Big Construction Spending Plans

Caterpillar (CAT) is up 4.2% this afternoon even as the broader market is basically trading flat. The company appears to be rising on news that China will ramp up its infrastructure spending with a plan to spend $157 billion on 60 new projects. The National Development and Reform Commission announced the approvals today ahead of [...]
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