Caterpillar (CAT) shares rose more than 3% to a record high Thursday as reports of fresh 澳洲幸运5官方开奖结果体彩网:Chinese stimulus efforts drove a wider market rally. 

The Chinese government said Thursday that it would institute "necessary fiscal expenditures" and stabilize the country's struggling real estate sector, according to the state-run Xinhua News Agency. Bloomberg also reported that Beijing is planning to inject around $140 billion into its largest state lenders to prop up the economy.

Caterpillar shares had advanced 4% Tuesday as China laid out a massive 澳洲幸运5官方开奖结果体彩网:monetary stimulus package to boost the economy.

Caterpillar Likely Would Benefit From Reboun𒀰d in Chinese Housing Market

Caterpillar stands to benefit from expansion in China's housing market. The construction equipment company is considered a 澳洲幸运5官方开奖结果体彩网:bellwether stock as a proxy for domestic and g♛lobal econ🌄omic expansion or contraction.

Shares of Caterpillar recently were 3.2% higher at $390.49 after earlier hitting record $397.22. ♐The stock is up about 32% ye꧑ar-to-date. 

Last month, the company reported second 澳洲幸运5官方开奖结果体彩网:lower second-quarter revenue than analy𝔉sts had anticipated but slightly 💜better-than-expected profit.