Salesforce, McDonald's Share Gains Lead Dow's Nearly 175-point Jump

PPG Industries Inc

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Company profile

PPG Industries, Inc. manufactures and distributes a range of paints, coatings, and specialty materials. The Company operates through two segments: Performance Coatings and Industrial Coatings. The Performance Coatings segment primarily supplies a range of protective and decorative coatings, sealants and finishes along with pavement marking products, paint strippers, stains, and related chemicals, as well as transparencies and transparent armor. The Industrial Coatings segment primarily supplies a range of protective and decorative coatings and finishes along with adhesives, sealants, metal pretreatment products, optical monomers and coatings, low-friction coatings, precipitated silicas, and other specialty materials. Its Performance Coatings brands include PPG, GLIDDEN, COMEX, OLYMPIC, DULUX, SIGMA, HISTOR, SEIGNEURIE, PEINTURES GAUTHIER, and JOHNSTONE'S, among others. Its Industrial Coatings brands include PPG and TESLIN. It supplies its products to customers in an array of end-uses.

Salesforce, McDonald's Share Gains Lead Dow's Nearly 175-point Jump

1:36 pm ET March 2, 2023 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Salesforce and McDonald's are trading higher Thursday afternoon, propelling the Dow Jones Industrial Average into positive territory. The Dow was most recently trading 172 points higher (0.5%), as shares of Salesforce (CRM) and McDonald's (MCD) have contributed about 50% of the blue-chip gauge's intraday rally. Salesforce's shares are up $19.83 (11.9%) while those of McDonald's have risen $4.14 (1.6%), combining for a roughly 158-point boost for the Dow. Boeing (BA), Procter & Gamble (PG), and Coca-Cola (KO) are also contributing significantly to the gain. A $1 move in any one of the 30 components of the index equates to a 6.59-point swing.

Data source: Dow Jones Market Data, FactSet. Data compiled March 2, 2023.

(END) Dow Jones Newswires

March 02, 2023 13:36 ET (18:36 GMT)