Deere & Co. (NYSE: DE) stock is dropping sharply after it lowered its full-year guidance, citing tariff uncertainty, cautious customer spending, and weaker crop prices. The stock was down more than 8% in midday trading on Aug. 14 as investors continue to punish companies projecting a slowdown.
Industrial stocks have been one of the market’s best-performing sectors. Before the earnings report, DE stock had been outperforming the Industrial Select Sector SPDR Fund (NYSEARCA: XLI), reflecting its status as a bellwether for the sector.
