Shares of manufacturing and transportation companies rose on the Republican plan for tax cuts and a relatively strong factory report.
The sweeping GOP plan would overhaul the U.S. tax code, slashing tax rates on businesses and many individuals, bringing the corporate tax rate down to 20% from 35%.
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Orders for durable goods, products such as refrigerators and airplanes designed to last at least three years, increased a seasonally adjusted 1.7% in August from the prior month, the Commerce Department said.
Bombardier's shares fell after two rivals -- Alstom and Siemens -- said they would merge their train operations and the U.S. said it would impose a tariff that would triple the price of some popular Bombardier jets, responding to complaints from Boeing.
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(END) Dow Jones Newswires
September 27, 2017 16:09 ET (20:09 GMT)