Shares of manufacturing and transportation companies rose after a report of weekly jobless claims was consistent with continued economic growth.
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Strategists at money manager Alpha Capital Management observed that the recovery from last Wednesday's "Trump slump" was unusually rapid, suggesting that the selling was a knee-jerk reaction to political scandal rather than a turn in the economic outlook.
"The economy is fundamentally strengthening and earnings are rebounding," said the Alpha Capital Management strategists in a note to clients.
-Rob Curran, firstname.lastname@example.org
(END) Dow Jones Newswires
May 25, 2017 16:27 ET (20:27 GMT)