Shares of industrial and transportation companies rose after strong factory data.
ISM manufacturing index surged to 55.6 (4-year high); Northrop Grumman secured a $3B contract to accelerate missile interceptor output. Defense spending acceleration and industrial recovery strengthen demand for infrastructure, automation, and supply-chain software solutions.
Shares of industrial and transportation companies rose after strong factory data.
The Institute for Supply Management's purchasing managers' index rose to 55.6 in July from 53.3 in June, reaching a four-year high.
Defense contractor Northrop Grumman signed two agreements totaling $3 billion to speed up production of missile interceptors.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
Shares of industrial and transportation companies rose sharply after strong factory data.
Shares of industrial and transportation companies ticked up after mixed economic data.
Shares of industrial and transportation companies were more or less flat after weak factory data.
Shares of industrial and transportation companies rose as traders rotated back into cyclical sectors.
Shares of industrial and transportation companies rose amid mixed economic data.
Shares of U.S. manufacturers and transportation companies rose as the U.S. economy showed signs of resilience, with first-quarter…
