Caterpillar

The Dow Jones Industrial Average ended flat as rate-hike risk returned to the center of market debate following Kevin Warsh’s Jackson Hole remarks. Industrials weakened under pressure from higher yields, while Amazon, Apple and Microsoft helped cushion the index.

The S&P 500 and Dow advanced to record highs as falling oil prices eased inflation concerns and stronger earnings gave buyers fresh support. Caterpillar’s improved outlook and Palantir’s strength helped broaden participation beyond the biggest technology names.