The major U.S. stock indexes closed higher for the week, with the S & P 500 and Nasdaq Composite breaking multiweek losing streaks. Earnings drove the action, despite some less-than-ideal macroeconomic reports on economic growth and inflation. Meta Platforms ' report gave the market a bit of a scare Wednesday night, contributing to Thursday's declines alongside a weaker-than-expected first-quarter GDP estimate .
Less clear is the rest of the business, which has been negatively impacted by inventory destocking. However, Dupont's shelter solutions segment, which includes caulks and roof coatings, should be back on the road to steady growth by now. Over the past few months, we've also heard encouraging order commentary about Dupont's water business that should translate to sales later in the year.
Source: News Formal (newsformal.com)
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