Deere Falls Sharply as Industrials Weigh on Wall Street

Deere Falls Sharply as Industrials Weigh on Wall Street
·3 min read

The S&P dropped 64 points to 3,836, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) fell 274 points to 11,115. Deere (NYSE: DE) is a well-known manufacturer of heavy equipment, and it has its fingers on the pulse of the industrial sector. Deere announced its financial results this morning, and despite showing signs of strength, investors weren't impressed, and the stock fell sharply.