Shares of manufacturing and transportation companies fell after mixed earnings.
Boeing shares declined after the aerospace company posted earnings short of some investors' expectations, hurt by a slowdown in growth at its services unit. In a sign the growth of jet manufacturing is set to continue, Boeing said demand for its single-aisle jets could merit a further rise in production beyond the 35% increase already envisaged by the end of the decade.
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Civilian aircraft demand also boosted the latest tally of durable-goods orders, which rose a seasonally adjusted 2.2% in September from a month earlier, the Commerce Department said Wednesday. Excluding the volatile aircraft and defense categories, orders rose 1.3%, a positive sign for corporate capital spending and economic growth.
Rob Curran, email@example.com
(END) Dow Jones Newswires
October 25, 2017 17:48 ET (21:48 GMT)