Caterpillar (CAT) shares rose more than 3% to a record high Thursday as reports of fresh 澳洲幸运5开奖号码历史查询: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开奖号码历史查询:monetary stimulus package to boost the economy.

Caterpillar𒁃 Likely Would Benefit From Rebound 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开奖号码历史查询:bellwether stock as a 𓆏proxy for domestic and global economic 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% year-to-date. 

Last month, the company reported second 澳洲幸运5开奖号码历史查询:lower second-quarter revenue than analysts had anticiꦚpated but slightly better-than-e꧟xpected profit.