Wall Street Pump and Valve Industry Watch
Factory production, construction spending & U.S. petroleum product exports rise.
Total nonfarm payroll employment rose by 187,000 in July, and the unemployment rate fell to 3.5%.
The Jordan Knauff & Company (JKC) Valve Stock Index was down 5.7% over the last 12 months, and the broader S&P 500 index was up 1.9%.
The Jordan Knauff & Company (JKC) Valve Stock Index was up 0.2% over the last 12 months, and the broader S&P 500 index was up 0.3%.
The employment index fell for the third straight month to 46.9%, its lowest reading since 2020.
Markets were volatile due to fears of continued interest rate hikes.
The S&P 500 posted its best January since 2019.
The markets finished the year with their worst results since 2008.
Any unplanned supply disruption has the potential to increase oil prices quickly and significantly.