This week’s economic releases will reveal whether growth accelerated in the second quarter after a sluggish start to the year. A busy week also features a Federal Reserve meeting that’s not expected to include an interest rate hike and the latest reports on home sales and business investment.
AD, the $32 billion contractor and industrial products wholesale buying/marketing group, reported sales for all members, across all seven divisions and three countries grew by 9 percent in 2016 Q1 YTD to a record $8.7 billion.
Owens Corning’s stock price briefly rose to its highest level in more than a year, but closed the day down 1.4 percent after a mixed earnings report that beat analysts’ expectations on profit.