NEW YORK, Jan 3, 2026, 3:53 PM ET — Market closed
- Linde shares rose 0.6% in the latest U.S. session, closing at $429.11.
- The stock’s move came as investors started 2026 weighing higher bond yields against the next wave of economic data.
- Focus now shifts to Linde’s expected early-February earnings update and a late-January board transition.
Linde plc shares rose 0.6% to $429.11 at Friday’s close, after trading between $422.34 and $430.73.
The industrial gases supplier — a major source of oxygen, nitrogen and hydrogen for factories and hospitals — is often treated as a read-through on industrial activity. 1
That matters now because investors are resetting positions for 2026 with interest rates and growth expectations back in focus, and economically sensitive names are again being used as proxies for the cycle.
U.S. stocks ended mixed on Friday while Treasury yields moved higher, with the S&P 500 up 0.19% and the Dow up 0.66%. “Value is outperforming growth and AI infrastructure is up,” said Jed Ellerbroek, portfolio manager at Argent Capital in St. Louis. 2
In industrial gases, Air Products & Chemicals rose 1.4%, while chemical maker Dow Inc jumped about 3.9% in the same session.
For Linde, the latest move kept the stock near the top end of Friday’s range and in step with a broader tilt toward industrial and materials shares.
Investors are also looking past the day-to-day tape to Linde’s next earnings checkpoint and whether demand trends in Europe and other end markets are stabilizing.
In its last quarterly update, Linde forecast fourth-quarter adjusted earnings per share — a profit measure that excludes some one-off items — of $4.10 to $4.20, and flagged softer European volumes. 3
Before the next session, Wall Street will keep one eye on the calendar: Zacks’ earnings schedule lists Linde’s next report for Feb. 5, with an expected EPS of $4.18. 4
Any guidance update around that report is likely to put pricing discipline, volume trends and currency translation in the spotlight, given Linde’s global footprint.
Governance is another near-term waypoint. Linde has said CEO Sanjiv Lamba is due to take on the additional role of chairman on Jan. 31, when Stephen F. Angel is set to retire from the board, according to an SEC filing. 5
On the chart, traders will likely use Friday’s $430–$431 area as the first resistance zone, with the $422 level marking near-term support heading into Monday’s open.
