Industrials Flat Despite Strong Caterpillar Earnings -- Industrials Roundup

Features Dow Jones Newswires

Shares of manufacturing and transportation companies were flat after strong earnings data from one bellwether.

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Caterpillar shares rallied -- nearing an all-time high -- after the maker of construction and mining machinery boosted its revenue and outlook for the year as sales for its bulldozers, excavators and other equipment grew world-wide.

"Earnings season is heating up and there is a good chance we could be looking at two consecutive quarters of double-digit earnings growth when all is said and done," said Ryan Detrick, senior investment strategist at brokerage LPL Financial.

LG Display said it would invest an additional $7 billion in one of its South Korean plants to churn out more smaller-size organic light-emitting diode display panels used in some smartphones in a bid to challenge Samsung's display unit.

Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

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July 25, 2017 17:32 ET (21:32 GMT)