🟢 EUAD is trading 3.3% up today as Caterpillar earnings lift industrial sentiment

EUAD is trading 3.3% up today, tracking broader market gains and a surge in the industrial sector following strong earnings from CAT.

• Caterpillar (CAT) surged nearly 9% on strong earnings and an upgraded outlook, boosting global industrial and defense-related sentiment.
• Geopolitical tensions in the Middle East and energy market volatility are providing indirect support for defense holdings within the ETF.
• The move aligns with a broader market rally led by the Dow Jones, which is up 1.47% despite a lack of specific European catalysts.