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Stock impact report

Why Manufacturing Stocks Bounced Back on Friday [The Motley Fool]

Tennant Company (TNC) 
Last tennant company earnings: 2/20 08:30 am Check Earnings Report
Company Research Source: The Motley Fool
Why Manufacturing Stocks Bounced Back on Friday The national emergency declaration sparked a stock buying spree. Shares of manufacturing stocks rebounded strongly in the final hour of trading Friday, after President Trump declared coronavirus a "national emergency" and announced a series of measures to combat it. 3M ( NYSE:MMM ) , maker of the N95 face masks that are popularly believed to protect wearers from the virus, was one beneficiary, with its stock closing up 6.1% on the day -- but other companies did even better. Minneapolis-based Tennant Company ( NYSE:TNC ) , for example, which makes industrial floor cleaning equipment, saw its stock rise 10.5% by the closing bell. Motorcycle maker Harley-Davidson ( NYSE:HOG ) stock roared ahead for a 16.5% gain. So what did the President have to say about government support for industry, that got investors in blue chip industrials stocks so excited? Actually, not a lot. President Trump announced plans to make billions of dollars in feder Show less Read more
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