Shares of manufacturing and transportation rose, but only just, after a weak durable-goods orders report.
Orders for long-lasting factory goods decreased 1.2% in October from the prior month to a seasonally adjusted $236 billion, the U.S. Commerce Department said Wednesday.
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Farm machinery maker Deere shares rose after its quarterly profit topped Wall Street expectations and as it said demand in North America would bounce back in 2018 after a long slide related to low commodity prices and a glut of used equipment.
Rockwell Automation rejected a third takeover offer from Emerson Electric, saying the diversified manufacturer's unsolicited proposal undervalued the maker of factory-automation machinery.
-Rob Curran, firstname.lastname@example.org
(END) Dow Jones Newswires
November 22, 2017 16:52 ET (21:52 GMT)