Carrier Global stock slips 1.00% in weak market session

7 articles · Updated · MarketWatch · May 7

Shares closed at $67.22 as the S&P 500 fell 0.38% to 7,337.11 and the Dow dropped 0.63% to 49,596.97 on Thursday.
Carrier underperformed Honeywell, down 0.36%, but fared better than Johnson Controls, down 2.72%, and Trane Technologies, down 3.76%.
The stock remains 17.10% below its 52-week high of $81.09 reached on 28 July, while trading volume rose to 7.6 million, above its 50-day average of 6.9 million.

With data center orders surging 500%, why is Wall Street punishing Carrier's stock for its residential business slump?

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