Industrials Advance on Cyclical Bias — Industrials Roundup
Shares of industrial and transportation companies rose as traders rotated into economically cyclical sectors ahead of inflation data.
The number of Americans who applied for unemployment benefits last week fell slightly to 210,000 and continued to hover at very low levels in a sign of strength for the economy.
Water-infrastructure concern Shimmick fell after it logged a decline in fourth-quarter revenue.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
March 28, 2024 17:28 ET (21:28 GMT)
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