Daily Wrap

Today started with disappointing quarterly results and guidance from Caterpillar (CAT +1.2%) and Texas Instruments (TXN -7.5%), but the broader market was able to withstand the news and close at session highs. Both Caterpillar and Texas Instruments missed top and bottom-line estimates and issued downside guidance, but CAT managed to rally into positive territory. Caterpillar commented that trade…