Markets End Mixed Despite Broad Rally
Although markets began the session with a record high for the NASDAQ and closed with a broad rally, the rest of the session was volatile as the trading session ended July 15, 2015
The HVACR Business Stock Index tumbled 65.53 points, or 5.12 percent, and closed at 1214.01. Declining issues easily outpaced advancing issues by a 28-to-5 count.
Consumer spending was on the upswing in May: the Commerce Department reported a rise of 0.9 percent, the largest monthly gain since August 2009.
Manufacturing growth improved in June as the Institute for Supply Management’s manufacturing index rose to 53.5, from 52.8 in May, in line with January’s number for the highest this year.
DuPont lost 10.05 points, or 14.55 percent and hit a 52-week low after the spin-off of its performance chemicals business, Chemours, which now trades on the New York Exchange under the ticker “CC.”
OmegaFlex was the top dollar and percentage gainer this session, but there was little news to explain the increase except for increased volume toward the end of June.
For the year-to-date, U.S. shipments of residential gas storage water heaters increased 6.2 percent, to 2,040,295, compared to 1,921,781 units shipped during the same period in 2014.
Year-to-date combined shipments of central air conditioners and air-source heat pumps increased 5.8 percent, to 3,041,953 units, up from 2,873,898 units shipped in May 2014.