Shares of industrial and transportation companies rose sharply after strong factory data.

U.S. industrial production increased slightly in May, rising by 0.1% last month, after a 0.9% expansion in April.

Shares of Saint-Gobain rose after the French specialty manufacturer struck a deal to sell its specialist distribution business Dahl in three Nordic countries to the Finnish retailer Kesko.

French manufacturers Renault and Thales have partnered to produce a prototype of a tactical vehicle for land forces, as automakers gear up to collaborate with defense suppliers to play a larger role in weapons production.

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