Shares of industrial and transportation companies ticked up after jobs data that boosted rate-cut odds and the possibility of an end to the Boeing strike.

Boeing reached a deal with leaders of its machinists union, trying for a third time to end a strike that has halted most of its airplane production.

The Labor Department on Friday reported that the U.S. economy added a seasonally adjusted 12,000 jobs in October, versus a September gain of 223,000.

"If look at [gains in the industrial-heavy] Russell 2000, you're clearly seeing a solid economic underpinning after the labor market data," said Quincy Krosby, chief global strategist at brokerage LPL Financial. "And you're seeing expectations of even more action from the Fed."

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

(END) Dow Jones Newswires

11-01-24 1753ET