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Dow Jones Today Pops 50 Points After Caterpillar Reports Quarterly Earnings

The Dow Jones today jumped 50 points on Monday morning as manufacturing giant Caterpillar Inc. reported stronger than expected earnings before the bell.

Shares of Caterpillar 3.5% after the firm hiked its quarterly outlook and said that tariffs would hit the firm's bottom line.

The solution to rising tariffs is to increase prices, the company said.

The firm increased its full-year profit outlook to a range of $11 to $12 per share.