Shares of manufacturing and transportation rose after a strong reading of factory activity.
The Richmond, Va., Federal Reserve's current-conditions manufacturing index jumped to 30 in November from 12 in October, for the highest reading since 1993.
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Diversified manufacturer Emerson Electric dropped its offer to buy Rockwell Automation after the maker of automated manufacturing equipment resisted negotiations despite its rival boosting an unsolicited buyout bid twice.
-Rob Curran, firstname.lastname@example.org
(END) Dow Jones Newswires
November 28, 2017 16:37 ET (21:37 GMT)