BLOOMINGTON, Minn.--(BUSINESS WIRE)--Sep 21, 2026--
The Toro Company (NYSE: TTC), a leading global provider of solutions for the outdoor environment, today announced the election of David Huml, president and chief executive officer of Tennant Company (NYSE: TNC), to its Board of Directors, effective immediately.
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“We are pleased to welcome Dave to The Toro Company’s Board of Directors,” said Richard Olson, chairman and chief executive officer of The Toro Company. “His broad leadership experience in global marketing, operations and product management, paired with his expertise in robotics and smart-connected technologies, will bring valuable perspective to our Board. We look forward to his contributions as we continue to advance our strategic vision and create long-term value for our customers and shareholders.”
Tennant is a global leader of solutions that helps create a cleaner, safer and healthier world. As president and chief executive officer, Huml also serves on its Board of Directors. Throughout his 12-year career at Tennant, he has served as chief operating officer, senior vice president for the APAC and EMEA businesses, and senior vice president of global marketing. Before joining Tennant, Huml held several executive leadership positions with Pentair plc, a leading manufacturer of water and fluid solutions, values and controls. Huml received a Bachelor of Arts in business management and marketing from Wittenberg University, and an MBA from the University of Minnesota – Carlson School of Management.
About The Toro Company
The Toro Company (NYSE: TTC) is a leading global provider of solutions for the outdoor environment including turf and landscape maintenance, snow and ice management, underground construction, rental and specialty construction, and irrigation and outdoor lighting solutions. With net sales of $4.5 billion in fiscal 2025, The Toro Company’s global presence extends to more than 125 countries through a family of brands that includes Toro, Ditch Witch, Exmark, BOSS, Ventrac, Tornado, HammerHead, American Augers, Spartan, Subsite, Radius, Hayter, Perrot, Unique Lighting Systems, Irritrol, and Lawn-Boy. Through constant innovation and caring relationships built on trust and integrity, The Toro Company and its family of brands have built a legacy of excellence by helping customers work on golf courses, sports fields, construction sites, public green spaces, commercial and residential properties and agricultural operations. For more information, visit www.thetorocompany.com.
David Huml, president and CEO, Tennant Company
NEW YORK (AP) — Wall Street climbed to the edge of its all-time high, and stocks rallied worldwide after oil prices and yields in the bond market surrendered their market-rattling gains from last week. The S&P 500 jumped 1.5% Monday and pulled within 0.4% of its record. The Dow Jones Industrial Average added 0.7%, and the Nasdaq composite climbed 2.3% as chip stocks led the way. Stocks benefited from a drop for Brent oil back toward $100 per barrel, while the 10-year Treasury yield fell to 4.95%. The easing pressure helped indexes rise more than 1% from Germany to Hong Kong to South Korea.
THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.
NEW YORK (AP) — U.S. stocks are climbing with markets worldwide on Monday after oil prices and yields in the bond market gave back some of their jumps from last week.
The S&P 500 rose 1.5% and pulled within 0.4% of its all-time high set last month. The Dow Jones Industrial Average was up 348 points, or 0.7%, as of 2:20 p.m. Eastern time, and the Nasdaq composite was 2.2% higher.
They got help from the price for a barrel of Brent oil falling 3.4% to $100.29. While that’s still much higher than its roughly $72 price from earlier this summer, it’s down from the nearly $110 it touched last week.
Oil prices are swinging up and down as some crude from the Middle East is able to sail through the Strait of Hormuz, though nowhere nearly as much as the industry and customers would like because of the war with Iran. Morgan Stanley’s Michael Wilson said another leg higher in prices for oil, gasoline and other refined products is the main risk he sees in the near term that could keep the U.S. stock market from rising to his forecasted target for the year’s end.
The average price for a gallon of regular gasoline across the United States has already climbed to nearly $4.48, according to AAA. That's up from less than $4.32 just a week earlier and from $3.18 a year ago.
Monday’s pullback in oil prices helped lower the pressure coming from the bond market. The yield on the 10-year Treasury eased to 4.97% from 5.01% late Friday after it crossed above the 5% threshold last week for the first time in three years.
Yields have been on the rise because of worries about inflation, big debt loads for governments worldwide and other factors. That hurts the economy because high yields make it more expensive not only for the U.S. government to borrow money to pay its bills but also for households and businesses.
Worries remain about how much oil is available for customers worldwide, ING commodities strategists Ewa Manthey and Warren Patterson wrote in a commentary on Monday. However, they said profit-taking by investors after the recent jump in oil prices, together with hopes for constructive discussions at this week’s U.N. General Assembly and at a meeting between China’s and the United States’ leaders, helped improve optimism.
U.S. Treasury Secretary Scott Bessent told reporters following talks Sunday with Chinese Vice Premier He Lifeng in New York that the U.S. had “a very successful engagement” with the Chinese side. Bessent said talks with China touched on trade and AI. China and the United States have been discussing reciprocal tariff reductions on $30 billion worth of goods from each side.
In Beijing, China’s Foreign Ministry on Monday confirmed that Xi Jinping will pay a state visit to the United States between Sept. 23 and 25. Experts and policymakers believe trade, tariffs, and AI safety are likely among the topics to be on the agenda. The war in Iran and developments in the Middle East and ties between China and Iran could also be discussed.
On Wall Street, stocks in the artificial-intelligence industry continued to stabilize following their worldwide slide at the start of last week. Leaders of the AI industry have recently warned a slowdown is needed in the industry’s development for the safety of humanity.
Advanced Micro Devices rallied 8.8% and could finish the day with a total market value above $1 trillion, while Nvidia added 2.2%.
Stocks enmeshed in the cryptocurrency industry, meanwhile, rallied after bitcoin's price rose back above $85,000 and returned to where it was in January. Coinbase Global jumped 4.8%, and Robinhood Markets rose 4.2%.
Skydance-owned Paramount fell 1.6% as it reached a settlement in a lawsuit challenging its buyout of Warner Bros. Discovery, which jumped 10.8%.
Stock indexes around the world also climbed thanks to the easing of oil prices and bond yields. Indexes gained 0.9% in France, 1.2% in Hong Kong and 1.6% in South Korea.
AP Business Writers Chan Ho-him and Michelle Chapman contributed to this report.
Traders work on the floor at the New York Stock Exchange in New York, Wednesday, Sept. 16, 2026. (AP Photo/Seth Wenig)
Currency traders work near a screen showing the Korea Composite Stock Price Index (KOSPI) in the foreign exchange dealing room at the Hana Bank headquarters in Seoul, South Korea, Monday, Sept. 21, 2026. (AP Photo/Ahn Young-joon)
Currency traders work in the foreign exchange dealing room at the Hana Bank headquarters in Seoul, South Korea, Monday, Sept. 21, 2026. (AP Photo/Ahn Young-joon)
A screen shows the Korea Composite Stock Price Index (KOSPI) in the foreign exchange dealing room at the Hana Bank headquarters in Seoul, South Korea, Monday, Sept. 21, 2026. (AP Photo/Ahn Young-joon)
