Shares closed at $580.54 on Thursday as the S&P 500 fell 0.38% to 7,337.11 and the Dow dropped 0.63% to 49,596.97.
Deere still outperformed Caterpillar, down 3.37%, and Toro, down 0.57%, though it lagged CNH Industrial, which edged up 0.18%.
The stock remains 13.89% below its 52-week high of $674.19 reached on 19 February, while trading volume of 827,452 stayed well below its 50-day average of 1.3 million.
Amid falling farm equipment sales, can Deere's massive investment in autonomy and software truly justify its premium valuation?
Can a U.S. construction boom, fueled by reshoring, offset the deep cyclical downturn in Deere's core agriculture business?
After a costly lawsuit, will Deere’s 'right to repair' changes truly empower farmers or create new software dependencies?