Wall Street continued its scorching climb and handily weathered the expected interest rate hike by the Federal Reserve as our trading session ended December 15, 2016.
The HVACR Business Stock Index rocketed ahead 120.34 points, or 9.56 percent, and closed at 1379.05. Advancing issues tromped declining issues by a 26-to-4 count.
The Commerce Department said that durable goods increased 4.8 percent in October, the strongest increase since October 2015, with a 94.1 percent bump in orders in the volatile commercial aircraft category.
Johnson Controls slid 2.08 points, or 4.67 percent. Investment firm Gabelli & Co. cut its rating on JCI to "hold" from "buy." Its price target is $50.
Shares of DuPont rose 6.25 points, or 9.11 percent. Zacks Investment Service upgraded DD to "buy" from "hold." Its price objective is $79. DuPont ended at 74.89.
For the year-to-date, U.S. shipments of residential gas storage water heaters decreased 6 percent to 3,472,245, compared to 3,692,890 shipped during that same period in 2015.
Year-to-date U.S. shipments of gas warm air furnaces increased 2.7 percent to 2,372,017 units, compared with 2,310,614 units shipped during the same period in 2015.