Dow Jones Stock Market Today – Industrials Up After Promising Economic Data — Industrials Roundup
Shares of industrial and transportation companies ticked up after promising economic data.
The Federal Reserve’s periodic compilation of anecdotes from business contacts, known as the Beige Book, said the U.S. economy grew modestly in the first several weeks of 2021, though some industries, such as leisure and hospitality, continued “to be restrained by ongoing Covid-19 restrictions.”
Extensive winter storms have also taken their toll on economic growth. Package-delivery giant FedEx is struggling with significant delays in delivering packages long after the mid-February storms that caused a deep freeze, including the delivery company’s Memphis, Tenn., hub.
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(END) Dow Jones Newswires
March 03, 2021 17:09 ET (22:09 GMT)
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