Market News / Story
DE, CNH, CAT, AGCO Stocks Slump - FTC, USDA Inquiry Puts Farm Equipment Market Practices In Focus
Stocktwits ·
Stocktwits reports: Shares of major farm-equipment makers fell on Wednesday after the Federal Trade Commission and the U.S. Department of Agriculture opened a broad inquiry into business practices across the agricultural equipment market. At the time of writing, Deere & Co. (DE) was down 3%, AGCO Corp (AGCO) slumped nearly 6%, clocking its worst day since June, while CNH Industrial (CNH) shares declined 5.3%. Shares of Caterpillar (CAT), which manufactures small dozers and loaders for…