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  1. Home
  2. / Video

Johnson Controls Spikes on Strategic Review; Dow Recovers 18,000

Johnson Controls (JCI) was among the best performers on the S&P 500 Wednesday after announcing it is exploring a strategic separation of its automotive business.
By KERIS ALISON LAHIFF Jun 10, 2015 | 04:47 PM EDT
Stocks quotes in this article: ^DJI, ^GSPC, ^IXIC, LII, JCI, HRB

Johnson Controls (JCI) was among the best performers on the S&P 500 Wednesday after announcing it is exploring a strategic separation of its automotive business. The company is reportedly also considering purchasing air-conditioning company Lennox International (LII). It was a great day on Wall Street with benchmark indexes closing above 1% and the Dow notching a 230-point increase. Those big gains were kicked off by higher crude oil but solidified after good news out from Greece. The ECB said Wednesday it had raised the amount the Greek central bank can loan to national banks, its largest weekly increase since mid-February.

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TAGS: Investing | Video | Automobile Components | Oil Equipment/Services | Oil | Financial Services | Economy | Taxes | Technology | Energy | Fixed income | Earnings | Markets | Financial Advisors |

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