Alphabet and Caterpillar Face Historic Earnings Gap-Downs on October 29
As seen on the 24/7 Wall St. homepage on October 29, 2026.
Two blue chips are opening at record-setting earnings gaps, with 10.93% the line that would make Caterpillar's drop the worst in its history.
Along with Alphabet $GOOGL set for its biggest gap down on earnings in history, Caterpillar $CAT is set to have its biggest gap down on earnings since July 2002. If it opens down more than 10.93%, it will be its biggest ever. Some historic drops for big blue chips this morning. https://t.co/PMpBoUlaMj
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Two of the most widely held blue chips in the market are opening on the same morning with record-setting downside gaps tied to their earnings reports.
Alphabet's move is already confirmed as the biggest earnings gap down in the company's history. For Caterpillar, a drop beyond 10.93% at the open would be its worst earnings-day plunge ever recorded.
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Caterpillar has been a bellwether for global industrial demand and construction activity for decades, so a gap of this magnitude carries implications well beyond a single stock.
The 10.93% threshold is the number to keep an eye on as the session gets underway. If Caterpillar closes in on or breaks through that level, it would enter the record books alongside Alphabet, making October 29, 2026 a historically unusual morning for large-cap equity investors.