Industrials Shares Rise On Tax-Cut Optimism - Industrials Roundup

Shares of manufacturing and transportation companies rose as traders bet the sector would benefit from tax-cut legislation. Volvo Cars said it has agreed to supply Uber Technologies with a fleet of 24,000 self-driving taxis beginning in 2019, one of the first and biggest commercial orders for such vehicles. General Electric shares were flat after The Wall Street Journal reported that a reshuffling of the industrial conglomerate's board will remove many long-term associates of former Chief Executive Jeff Immelt.

-Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

November 20, 2017 16:19 ET (21:19 GMT)