
Trane Technologies raises its 2026 outlook as record HVAC backlog boosts visibility, but inflation and EMEA weakness test profit conversion.
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Trane Technologies raises its 2026 outlook as record HVAC backlog boosts visibility, but inflation and EMEA weakness test profit conversion.

A number of stocks fell in the morning session after the latest industrial production report showed slower-than-expected growth for July. Data from the Federal Reserve indicated that U.S. industrial production rose by 0.2%, which was half of the 0.4% increase that analysts polled by The Wall Street Journal had anticipated. While this marked the second consecutive month of growth, it represented a slowdown from the previous month's revised figures. Manufacturing output also saw a modest 0.2% incr
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