Stock market today: Dow, S&P 500, Nasdaq slide amid worries over frothy valuations

Caterpillar (CAT) has raised its targets for the 2024 to 2030 period for revenue, profit margin, and capital expenditures, the company said in a presentation for its Investor Day on Tuesday. The industrial giant is looking to raise the compound annual growth rate (CAGR) for its sales and revenues from 4% in 2024 to 5%-7% through 2030, while bringing its services revenues up to $30 billion per year from $24 billion in 2024. The company is also raising its adjusted operating profit margin target from a ran ...