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The world's largest package-delivery company, United Parcel Service (UPS), provides a wide range of transportation, distribution and logistics services. It has three main business segments: U.S. Domestic; International; and Supply Chain & Freight. The shares are a component of the S&P 500. The company has approximately 500,000 employees.

Wall Street is broadly lower as economists adjust their rate expectations to fewer cuts and further into the year than initially expected. This is in reaction to a hot inflation print this morning. CPI came in at 3.0% at an annual rate for January, up from 2.9% in December. On a monthly basis, it accelerated by 0.5%, also above expectations. Core CPI ticked up to 3.3% in January compared to 3.2% in December. On a monthly basis, it edged up by 0.4%, also higher than expected. The yield on the 10-year Treasury note is at 4.67%. Oil is at $72 per barrel. Bitcoin is at $95,000.

Carrier Global manufactures heating, ventilation, and air conditioning, refrigeration, and fire and security products. The HVAC business serves both residential and commercial markets (HVAC segment sales mix is 60% commercial and 40% residential). Carrier's refrigeration segment consists of its transportation refrigeration, Sensitech supply chain monitoring, and commercial refrigeration businesses. The firm's fire and security business manufactures fire detection and suppression, access controls, and intrusion detection products. In April 2023, Carrier announced that it plans to divest its fire and security and commercial refrigeration businesses. The firm also acquired Germany-based Viessmann for approximately $13 billion.

Wesco International is an industrial distributor that has three reportable segments, electrical and electronic solutions, communications and security solutions, and utility and broadband solutions. The company offers more than 1.5 million products to its 140,000 active customers through a distribution network of 800 branches, warehouses, and sales offices, including 43 distribution centers. Wesco generates approximately 74% of its sales in the United States, but it has a global reach, with operations in 50 other countries.