Industrial Shares Edge Higher Amid Resilient U.S. Indicators — Industrials Roundup
Shares in the industrial sector reversed early losses and closed slightly higher amid signs the economy remains resilient.
The Philadelphia Fed said its activity indicator rose in July to 41.4 from 10.3 in June.
GE Aerospace raised its full-year outlook after profit and revenue increased in the second quarter.
Uber Technologies agreed to acquire Germany's Delivery Hero in a deal that values the German food-delivery company at $14.8 billion and seeks to strengthen the U.S. tech company's footprint in international markets.
Shares of Insteel Industries were higher after the steel wire reinforcing products manufacturer reported an increase in its third-quarter revenue, helped by higher average selling prices and improved shipment activity.
Shares of ManpowerGroup jumped after it provided slightly higher third-quarter earnings guidance than expected and swung to a second-quarter profit.
ABB agreed to buy U.K. industrial-equipment supplier Rotork in a $5.6 billion deal that seeks to strengthen its automation business.
Write to Paulo Trevisani at paulo.trevisani@wsj.com
(END) Dow Jones Newswires
July 16, 2026 18:11 ET (22:11 GMT)
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