HVACR BUSINESS Market Watch
MARKETWATCH
 
 
Tops in Trucks
 

Wall Street Rises, But Oil Prices Pressure

What began as the best week of the year was book-ended with sharp declines in oil prices. As our trading session ended Dec. 15, 2015, oil pricing pressures hammered all 10 sectors of the S&P 500.


The HVACR Business Stock Index headed south, shedding 21.17 points, or 1.83 percent, closing at 1137.55. Declining issues overpowered advancing issues by a
25-to-8 count.


The National Association of Home Builders/Wells Fargo Homebuilder sentiment index, while still positive, slipped in November from a 10-year high in October, to 62, and fell again in December, down to 61.


The University of Michigan's consumer sentiment index was up to 91.3 in November, near the six-month average, and up from October's 90.


The Commerce Department said that U.S. construction spending rose to its highest level since Dec. 2007,
up 1 percent in October, on home building and federal construction.


Parker-Hannifin fell 4.16 points, or 4.17 percent and closed at 95.69. Investment bank JPMorgan Chase cut its price target on PH to $97, from $103.


Airgas rocketed ahead after Paris-based Air Liquide announced its plans to acquire the company for $13.4 billion, or about $143 per share.


For the year-to-date, U.S. shipments of residential gas storage water heaters increased 0.8 percent to 3,692,890, compared to 3,664,101 units shipped during the same period in 2014.


Year-to-date U.S. shipments of commercial gas storage water heaters increased 3.4 percent to 81,633 units, compared with 78,944 units shipped during the same period in 2014.


Stock Index
Janaury 2016

AAON 0.10
ABB 0.38
ARG 34.84
AOS 2.15
FIX 1.03
DOV 0.99
ELON 1.56
DD 0.55
EME 0.39
EMR 2.47
FCAU 0.02
F 0.05
GM 0.23
HON 2.61
HDSN 0.16
IR 3.36
JCI 3.70
LII 4.11
LXU 1.47
MTW 1.25
MLI 2.09
NWL 1.45
NSANY 0.20
NTK 3.59
OFLX 0.30
PH 4.16
RBC 4.09
ROK 1.10
SIEGY 3.39
SPXC 1.80
TXN 1.42
UTX 3.22
WSO 0.92

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