Wild and wooly 2017 hardly hesitated before charging into 2018 as our trading session ended Jan 15, 2018. Despite some churning and low volume at year’s end, index records continued to be made and broken again.
The HVACR Business Stock Index left the major markets in the dust, jumping 126.23 points, or 7.94 percent, and ending at 1716.84, a second consecutive index record. Advancing issues nearly shut out declining issues at a 30-to-1 count.
The Labor Department reported that 148,000 jobs were added in December: less than economists were expecting.
After Rockwell Automation’s rejection of Emerson’s acquisition offer, reported last month, shares of Rockwell soared 16.99 points, or 8.90 percent.
Omega Flex fell 2.86 points, or 4.14 percent and was the top dollar and percentage loser.
Fiat Chrysler jumped 5.78 points, or 32.82 percent, and was the top percentage gainer. FCAU ended at 23.39.
U.S. shipments of residential gas storage water heaters for November 2017 decreased 3.4 percent, to 337,947 units, down from 349,676 units shipped in November 2016.
Year-to-date U.S. shipments of gas warm air furnaces increased 6.9 percent, to 2,823,080 units, compared with 2,639,877 units shipped during the same period in 2016.
|
