Industrials Up After Weekly Jobs Data -- Industrials Roundup

Features Dow Jones Newswires

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, rob.curran@dowjones.com

(END) Dow Jones Newswires

May 25, 2017 16:27 ET (20:27 GMT)