Shares of industrial and transportation companies fell, but not by as much as the broad market, amid deal activity.
Federal Reserve officials face a challenge resolving differences over how to set interest rates with little new economic data to guide tricky judgment calls.
Federal Reserve Vice Chair Philip Jefferson hinted at the central-bank dilemma that helped cause the latest bout of volatility. Jefferson acknowledged the risk of stubborn inflation and weaker employment conditions, economic threats that call for opposing prescriptions.
Gibraltar Industries agreed to acquire roofing-products manufacturer OmniMax International from funds managed by Strategic Value Partners and its affiliates for about $1.34 billion in cash.
Saab shares gained Monday after the company received a roughly $3.6 billion order for 17 Gripen fighter jets from Colombia. The Swedish defense company will deliver 15 Gripen E single-seat and two Gripen F two-seater aircraft between 2026 and 2032, as well as equipment and weapons, training and services.
XPeng significantly narrowed its net loss in the third quarter thanks to robust sales and margins, bringing the Chinese carmaker within striking distance of profitability.
The pace of U.S. construction spending picked up in August, according to a Census Bureau report Monday that had been delayed by the government shutdown. Construction outlays reached an annualized pace of $2.17 trillion in August, up from $2.165 trillion the month before, a 0.2% increase.
The Federal Reserve Bank of New York said Monday that its statewide manufacturing index of business conditions rose eight points in November to 18.7.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
11-17-25 1707ET
