Shares of industrial and transportation companies rose slightly as faint hopes of a stimulus deal before the election persisted.
Democrats said the White House needs to work harder to get Senate Republicans on board with a coronavirus stimulus package, while President Trump said House Speaker Nancy Pelosi is dragging out talks for political benefit, highlighting the tensions that have blocked a deal for months.
Swiss engineering giant ABB posted better-than-expected revenue and adjusted earnings for the third quarter, helped by a strong recovery in China and cost-savings efforts, and despite the continued impact of the coronavirus pandemic.
Data firm IHS Markit said Friday that its composite Purchasing Managers Index for the U.S. rose to 55.5 in October from 54.3 in September, the highest level in 20 months.
Among service firms, the index increased to 56 from 54.6, while the manufacturing index stood at 53.3, a slight rise from 53.2 in September.
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(END) Dow Jones Newswires