Shares of industrial and transportation companies rose as traders bet a data-center development boom would offset the impact of stubbornly high energy prices.

Dry-bulk shipping line Genco Shipping & Trading's board unanimously rejected rival Diana Shipping's revised unsolicited buyout offer, saying the offer continued to meaningfully undervalue the company and its assets.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

June 02, 2026 17:44 ET (21:44 GMT)