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Caterpillar surpasses Goldman Sachs as 49th largest company

Posted By Amanda Bayhi On December 5, 2012 @ 1:33 pm In Construction News | No Comments

[1]The latest look at the Standard & Poor’s [2] 500 (S&P 500) has ranked Caterpillar as the 49th largest company, Forbes reported [3]. Goldman Sachs Group previously held the spot.

As Caterpillar holds the 49th place, the market cap now stands at $56.40 billion, as opposed to the $55.80 billion cap when GS was the 49th largest company.

According to the ETF Finder at ETF Channel [4], CAT and GS collectively make up 1.59 percent of the iShares NYSE 100 Index Fund ETF, which was up by about 1.9 percent on Thursday.

At the end of Thursday, CAT was up about 1.5 percent.


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[1] Image: http://www.equipmentworld.com/files/2012/12/Cat-966K-handles-gravel-wide-shot-C648952.jpg

[2] Standard & Poor’s: http://www.standardandpoors.com/home/en/us

[3] Forbes reported: http://www.forbes.com/sites/dividendchannel/2012/11/29/caterpillar-now-49-largest-company-surpassing-goldman-sachs-group/

[4] ETF Finder at ETF Channel: http://www.etfchannel.com/etfs/?symbol=ETF+FINDER

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