Industrials Gain After Johnson Controls Earnings - Industrials Roundup

Dow Jones

Feb 06, 2025

Shares of industrial and transportation companies rose amid generally strong earnings.

Shares of Johnson Controls rallied after the maker of heating, ventilation and air-conditioning gear named Danaher executive Joakim Weidemanis as chief executive, and boosted its projection for fiscal 2025 earnings.

U.S. businesses created a solid 183,000 new jobs in January, paycheck company ADP said. Nissan's board determined that Honda's terms for a combination of the two automakers were unacceptable, endangering a merger plan designed to shore up Nissan's faltering business.

Motorcycle maker Harley-Davidson posted a fourth-quarter loss and warned that higher interest rates were weighing on consumer confidence.

Ford Motor named Marin Gjaja, the head of its electric-vehicle unit, as chief strategy officer, part of a broader leadership change.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

February 05, 2025 17:10 ET (22:10 GMT)

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