Shares of industrial and transportation companies rose after strong earnings from one bellwether.
Shares of Caterpillar rallied after the maker of construction and mining machinery boosted its revenue growth projections for the year, partly because of surging data-center demand for industrial generators.
Cummins raised its growth projection for the year after reporting higher profit and sales in the latest quarter, boosted by accelerating orders for standby power for data centers, as well as improving North American truck markets.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
