Shares of industrial and transportation companies rose after a strong reading of factory orders.
New orders for products meant to last at least three years increased 1.8% to a record seasonally adjusted $263.5 billion in August as compared with July, the Commerce Department said Monday, marking the biggest increase since May.
Shares of Boeing rose after analysts said demand for its jets boosted the reading.
Ford Motor recalled certain Mustang Mach-E electric sport-utility vehicles over concerns that the front windshield and panoramic roof could become detached.
Polestar is nearing a deal to go public through a merger with special-purpose acquisition company Gores Guggenheim that would value the Swedish electric-vehicle maker at $21 billion.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
09-27-21 1636ET
