TNC - Why Manufacturing Stocks Bounced Back on Friday
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.
Image source: Harley-Davidson.