Stock Market and Financial Market
MARKET UPDATES · Tags: Adoption Law, Cement, Consumption, Dividend Increase, Earnings, Eaton, Eaton Etn, Emerging Economies, Executive Overview, global cement market, Global Perspective, Industrial Stocks, industrial stocks managed, Macro Cement Trends, Market Volume, morga stanley, Morgan Stanley, Principal Benefits, red, Stock Market, stock market and financial market, Textron, Us Bancorp, Volume Trends, Wells Fargo, Wfc
Stocks opened with solid gains as market events initially showed a more positive reaction to the latest round of earnings than they had in recent sessions. Strength was broad in the early going, but some of the best gains came from financials, which were up as much as 1.5% on the back of better-than-expected results from Morgan Stanley (MS 26.80, +1.58), Wells Fargo (WFC 26.06, +0.15), and US Bancorp (USB 23.07, -0.08) ahead of the adoption of new financial regulation into law. Despite the sector’s early strength, it succumbed to broader market pressure and settled with a 1.8% loss.
Industrial stocks managed to limit their losses. Specifically, the sector settled just 0.4% into the red. Textron (TXT 19.65, +1.57) and Eaton (ETN 73.14, +4.08) provided support after both companies posted better-than-expected earnings and issued upside guidance. Eaton complemented its report with a dividend increase, while shares of TXT were upgraded.
The Global Cement Market
The Global Cement Market Update service formed information from multiple sources into an action format and helps you analyze the latest volume trends. The principal benefits of a subscription to CemWeek’s GCMU include:
* Executive overview of global cement market volume and pricing trends
* Understand trends in production and consumption and import / exports
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* Ability to see macro cement trends on a monthly basis
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