It was a mixed start to the week with the Nasdaq reaching new records and the Dow Jones Industrial Average lower for its fifth day in six. General Electric Co. (GE) extended Friday's selloff and was the worst performer on the Dow. Caterpillar Inc. (CAT) moved higher after reporting a boost in global sales. The heavy machinery maker reported a 7% year-over-year increase in retail machine sales over a rolling three-month period ended June. The Asia-Pacific region saw the largest gains. Blue Apron Holdings Inc. (APRN) rallied after Goldman Sachs initiated coverage with a price target of $11. Analysts see competition dying down in the long run as the budding meal-kit delivery industry begins to stabilize. Stanley Black & Decker Inc. (SWK) fell even after bumping its full-year profit guidance higher. The power tools company also beat second-quarter earnings and sales estimates.
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