Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Industrials Tick Lower After Strong Data, GE Earnings - Industrials Roundup

07/27/2021 | 02:35pm EDT

Shares of industrial and transportation companies fell, but not by as much as the broad market, after a strong manufacturing report and earnings from General Electric.

Orders for cars, appliances and other durable goods increased 0.8% in June, signaling continued strength in the U.S. economy as manufacturers continue to deal with shortages in parts and labor and confront higher material costs.

New orders for products meant to last at least three years increased 0.8% to a seasonally adjusted $257.6 billion in June from the previous month, the Commerce Department said.

Shares of General Electric rose after the manufacturing conglomerate posted operating earnings ahead of Wall Street targets, bringing its gains for the year to date to about 25%, as turnaround plan appears to be paying off.

Shares of defense contractor Raytheon Technologies rose after it reported earnings ahead of expectations.

United Package Service fell as it shipped fewer packages in the latest quarter, a sign consumers were returning to in-person shopping.

Factory activity in the MidAtlantic region appears to be increasing as the Fifth District Survey of Manufacturing Activity's composite index came in at 27 in July, up from 26 in June, according to the Richmond Federal Reserve.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

07-27-21 1635ET

Latest news "Economy & Forex"
04:35pNigeria's central bank keeps rates steady, targets illegal FX dealers
RE
04:33pWall Street closes rollercoaster week sharply lower
RE
04:22pLIVESTOCK-CME hog futures extend gains in recovery from slide
RE
04:22pU.s. fda advisers unanimously vote in favor of authorizing booster dose of pfizer/biontech covid-19 vaccine at least 6 months after full vaccination for people 65 and older and those at high risk for severe disease
RE
04:20pU.s. fda advisers to vote again on whether to recommend authorization of booster dose of pfizer/biontech covid-19 vaccine at least 6 months after full vaccination for people 65 and older and those at high risk for severe disease
RE
04:20pU.s. national transportation safety board to investigate fatal sept. 13 tesla crash in coral gables, florida -statement
RE
04:16pFda says advisers will consider recommendation of pfizer booster dose for older americans as emergency use authorization, rather than full approval
RE
04:05pS&p 500 registers biggest two-week decline, at 2.26%, since week ending feb 26 when it declined 3.14%
RE
04:04pCanadian dollar hits 4-week low as election jitters mount
RE
04:04pAnalysis-Investors brace for a great fall in China
RE
Latest news "Economy & Forex"