New York, January 19, 2026, 17:07 EST — The market has closed.
- Linde closed at $438.96, slipping 0.3% from its previous close, following a trading range of about $4.56 on Friday
- U.S. equities reopen Tuesday following the MLK Day holiday, spotlight on trade tensions
- Linde plans to release its fourth-quarter earnings on Feb. 5 before the market opens
Linde plc shares ended at $438.96, slipping 0.3% from the previous close, after swinging between $435.97 and $440.53 on Friday. U.S. markets remained shut Monday for Martin Luther King Jr. Day. 1
The holiday break tightens the week for anyone looking to adjust positions ahead of macro events, shifting the next key price move to Tuesday’s open. For a name like Linde, the action can be quiet for days, then shift sharply when growth expectations shift.
Investors often see industrial gases as stable, though not invulnerable. Linde supplies oxygen, nitrogen, and other gases to heavy industry, electronics, and healthcare sectors; demand usually holds up—until factories cut back or major projects get delayed.
U.S. stock futures slipped Monday following President Donald Trump’s threat to impose tariffs on imports from eight European nations linked to a Greenland dispute, according to the Associated Press. Analyst Stephen Innes told AP, “This isn’t about a trade spat — it’s about the long-term financial and strategic costs of a fractured Western alliance.” 2
German and French finance ministers declared Europe won’t be “blackmailed” by tariff threats and suggested countermeasures could be on the table, Reuters reports, as leaders brace for crisis talks. Investors are now assessing how the trade tensions might hit industrial output and cross-border investments. 3
Focus is shifting to earnings as Linde plans to report its fourth-quarter 2025 results on Thursday, Feb. 5, 2026, ahead of the U.S. market open. The company will follow up with a conference call later that morning. 4
Investors watching Linde’s report will zero in on volumes across its key end-markets, how pricing stacks up against energy and logistics costs, and the speed of new project launches. Its stakes in hydrogen and electronics also link it, albeit loosely, to clean-energy trends and chip capital expenditure.
Rates are in focus as well. The Federal Reserve’s next policy meeting is set for Jan. 27-28, followed by a press conference on Jan. 28. That event often sways the dollar, bond yields, and “quality” industrial stocks known for stable cash flow. 5
Traders tracking industrial gases usually keep an eye on Linde as well as Air Products and Air Liquide. The group often moves in sync, reflecting broader macro risk. Their contract-heavy models also give the appearance of safety when cyclicals falter. Even minor shifts in manufacturing sentiment can tilt their relative performance.
The downside is clear. If tariff threats turn into actual policy and hit transatlantic trade, industrial demand could drop faster than contract prices adjust. Project awards might also be pushed back as clients hold off for more certainty.
The immediate trigger is Tuesday’s cash-market reopen following the holiday, with investors set to weigh the latest tariff news alongside overall risk appetite. Linde’s next key moment is its Feb. 5 earnings release and call, where updates on guidance and demand will probably determine if the stock holds steady.
