HVACR BUSINESS Market Watch
MARKETWATCH
Ron Smith
 
 
 
Wall Street Shrugs Off Hurricanes,
Geopolitical Tensions

Wall Street continued to ignore devastating hurricanes in the US and saber rattling from North Korea, and strode ahead firmly as our trading session ended Oct. 16, 2017.


The HVACR Business Stock Index jumped 61.79 points, or 4.07 percent, and ended at 1578.76, another record high close. Advancing issues dominated declining issues by a 27-to-4 count.


The Commerce Department reported that the economy grew faster than expected in the April-June quarter, as the gross domestic product (GDP) rose at 3.1 percent, up from the 3 percent increase expected.


Lennox International soared 13.56 points, or 8.09 percent. Investment firm Cleveland Research started coverage on LII with a rating of "neutral." Wolfe Research re-stated its "peer perform" rating on Lennox. LII ended at 181.09, and was the top dollar gainer.


Hudson Technologies stumbled, shedding 2.95 points, or 32.21 percent. Hudson closed its purchase of the Airgas-Refrigerant unit of Airgas, a transaction which was valued at about $220 million.


U.S. shipments of central air conditioners and air-source heat pumps totaled 654,312 units in August 2017, down 5.5 percent from 692,214 units shipped in August 2016.


Year-to-date shipments of central air conditioners increased 6.5 percent, to 3,952,065 units, up from 3,710,251 units shipped during the same period in 2016.


Stock Index
October 16, 2017

AAON $34.30 1.35
ABB $24.97 0.54
AOS $61.21 2.99
FIX $36.80 2.20
DOV $94.77 4.96
ELON $5.00 0.31
DWDP $70.93 1.07
EME $70.40 2.40
EMR $64.44 2.09
FCAU $17.67 1.01
F $12.12 0.50
GM $45.76 6.88
HON $143.75 4.80
HDSN $6.21 2.95
IR $91.30 1.86
JCI $41.75 1.94
LII $181.09 13.56
LXU $7.54 0.55
MTW $9.22 1.43
MLI $34.84 2.59
NWL $42.75 0.45
NSANY $19.31 1.24
OFLX $62.13 4.01
PH $181.41 11.72
RBC $79.60 2.55
ROK $186.41 12.68
SIEGY $70.33 0.61
SPXC $29.63 3.31
TXN $94.23 9.39
UTX $119.01 5.93
WSO $159.46 4.46
  Price 10/16/17 Price 9/15/17 Net Change Percent Change
HVACR Business Stock Index $1,578.76 $1,516.98 61.79 4.07%
Dow Jones Industrial Average $22,956.96 $22,268.34 688.62 3.09%
S&P 500 Index $2,557.64 $2,500.23 57.41 2.30%
NASDAQ Composite $6,624.00 $6,448.47 175.53 2.72%
 

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