The stock market rebounded on Wednesday, recovering from three straight losing sessions, as technology stocks strengthened and Treasury yields eased.
The 10-year Treasury yield moderated to around 4.78%, providing some relief to equities.
Overall, S&P 500 and Nasdaq were up 0.5% to 7,667 and 26,218, respectively.
Chart of the Day
Here is the one-year chart of Sherwin-Williams (SHW) as of August 24, 2026, when the stock was at $347.
Last quarter, Sherwin-Williams reported better-than-expected results, with profits up 9% which beat expectations of 6%. Growth was largely driven by pricing, new customer accounts, and higher share of wallet, rather than a broad recovery in underlying demand.
Management noted that demand remained relatively soft, while raw-material inflation continued to pressure margins. Gross profit margin fell to 49.2%, from 49.4% a year ago. These margin headwinds are likely to persist through 2026 amid ongoing global uncertainty.
David Sharek, Founder of School of Hard Stocks, was pleased with profit growth, as it had been suffering. However, with a lofty P/E of 29, he does not see much upside for the stock in the near-term.
SHW is on the radar for the Conservative Growth Portfolio.
