After a holiday, you'd think the stock market would return refreshed and ready to move forward. But investors brought in the first trading day of September with a whimper, as falling manufacturing figures in the U.S. reawakened concerns that the economic recovery may not be as strong as many have hoped. Particularly troubling about the Institute for Supply Management's data was that companies hired the fewest workers since November 2009, making it clear that lack of employment opportunities will keep weighing on the labor force for some time. Add in continuing concerns about Europe, and the Dow Jones Industrials
As you'd expect on any day in which economic news is in the spotlight, economically sensitive stocks were among the biggest fallers. Caterpillar
Conversely, stocks that benefit from a slower economy did well. Wal-Mart
Look to the long run
Economic news may hit Caterpillar and other manufacturing-heavy companies in the short run. But long-term prospects are much different. Get the whole story on the machinery giant from the Fool's premium research report on Caterpillar, in which our top analysts look at the company's challenges and opportunities going forward. Click here now to learn more.
Fool contributor Dan Caplinger doesn't own shares of the companies mentioned. You can follow him on Twitter @DanCaplinger. The Motley Fool owns shares of ExxonMobil. Motley Fool newsletter services have recommended buying shares of Chevron. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Fool has a disclosure policy.