Shares of industrial and transportation companies rose as traders rotated into "old economy" sectors as a semiconductor rally stalled.
New weekly jobless claims rose 13,000 to 225,000 in the latest tally, ahead of economists' expectations.
Elon Musk's rocketry and artificial-intelligence firm SpaceX said in a filing it plans to sell 555,555,555 shares at $135 apiece, raising close to $75 billion or potentially even more. That would give it a valuation of around $1.77 trillion, roughly doubling the company's valuation from six months ago.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
