Dow Chair and CEO Jim Fitterling Said, "While We Expect Softness In Industrial And Durable Goods Demand To Continue In The First Quarter, We Are Encouraged By Early Positive Signals In Areas Including Construction, Automotive And Consumer Electronics"
Portfolio Pulse from Benzinga Newsdesk
Dow Chair and CEO Jim Fitterling expressed expectations of continued softness in industrial and durable goods demand in Q1, but noted encouraging early signs in construction, automotive, and consumer electronics sectors.
January 25, 2024 | 11:03 am
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Dow's CEO expects a continued soft demand in industrial and durable goods for Q1, but is optimistic about construction, automotive, and consumer electronics sectors.
The CEO's statement indicates a mixed outlook for Dow, with expected softness in some sectors potentially offset by strength in others. This could lead to neutral market sentiment in the short term as investors may be cautious about the soft demand in industrial goods but optimistic about the growth in other sectors.
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