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

Orders for durable goods, products such as refrigerators and cars designed to last for three years or more, rose 1.1% in July to $339.3 billion.

SpaceX unveiled plans for a multibillion dollar rocket-launch site in Louisiana, as it seeks to increase launches of its reusable Starship rocket.

Siemens Energy said it was preparing to spin off its Transformation of Industry unit and is exploring potential ownership structures as it focuses on power generation and power transmission.

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