Stocks in Machine Tools & Accessories
Stocks in the Machine Tools & Accessories industry are also in the Industrial Goods sector.
Companies in the Industrial Goods sector make and sell heavy equipment for things like defense and construction. A Boeing or a Caterpillar may export lots of equipment to governments and corporations around the globe, so the state of the export market and global economy has a huge bearing on the behavior of their stocks. As well, the appetite for defense and aerospace spending can send these stocks up or let them tumble.
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