Shares of industrial and transportation companies rose as investors rotated out of the technology sector into more economically sensitive areas.
Investors are anticipating a broadening of the economic recovery and another jolt of economic stimulus in 2021, said Brent Schutte, chief investment strategist at money manager Northwestern Mutual Wealth Management.
Year-end order tallies showed that American aerospace giant Boeing slipped further behind in its five-decade rivalry with Europe's Airbus in the global plane-making business.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-12-21 1717ET
