POWL

NASDAQ · Electrical Equipment

Powell Industries Inc

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$294.49

+2.99 (+1.03%)

As of Jun 24, 9:50 PM ET ·

POWL News3 articles

Powell Industries Lands Record $400M Data Center Order, Backlog Hits $1.8B

Powell Industries' new orders nearly doubled to $490 million in fiscal Q2, driving backlog to a record $1.8 billion. The company also secured its largest-ever data center order of over $400 million after quarter-end.

Fed Holds Rates Steady as Powell's Future Clouds Rate Path

The Fed is expected to keep rates unchanged this week, but Powell's possible last meeting and rising inflation risks from oil prices create a cliffhanger for future rate decisions.

Dow Slumps on Inflation, Oil Surge Ahead of Powell Remarks

The Dow Jones Industrial Average dropped sharply Wednesday, pressured by a hotter-than-expected inflation report and a surge in oil prices. Traders now see the Federal Reserve's first rate cut delayed until April 2027.