Shares of industrial and transportation companies ticked up as traders hedged their bets on the outlook for global growth in light of persistently high inflation.
The White House pledged to keep one of the country's busiest ports operating around the clock, a move aimed at easing cargo bottlenecks that have led to goods shortages and higher consumer costs. By going to 24/7, the Port of Los Angeles will join the neighboring Port of Long Beach, Calif., which started doing the same thing last month.
Eurozone industrial production fell in August due to supply-chain bottlenecks and slowing global trade, according to data provider Eurostat.
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(END) Dow Jones Newswires