Shares of industrial and transportation companies rose as traders bet the inflation shock from the Iran war would be transitory.
Data firm S&P Global said its U.S. composite purchasing managers index fell to an 11-month low of 51.4 in March, compared with 51.9 in February. A slowdown in European versions of the index was even more marked as the energy shock took its toll.
Shares of Nippon Sheet Glass rose after investment firm Apollo Global agreed to buy the glassmaker for about $3.7 billion in enterprise value.
United Airlines will add more than 250 planes over the next two years with a particular focus on boosting premium capacity, a move that comes as airlines increasingly rely on premium seats to drive revenue.
FedEx joined forces with last-mile delivery provider OneRail to offer same-day delivery service, matching a recent offer from Amazon.com.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
March 24, 2026 17:29 ET (21:29 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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