Shares of industrial and transportation companies rose, with the sector testing all-time highs despite reports that Federal Reserve Chair Jerome Powell is under investigation by the Department of Justice.
Currency strategists at one brokerage said the market implications of the Department of Justice investigation of Powell's claims about a renovation project will depend on the course of the case.
"An indictment, even if marginally credible, could be construed as being sufficient 'cause' for dismissal" before Powell's term ends later this year, warned strategists at Standard Chartered, in a note to clients.
European aerospace giant Airbus met its annual plane delivery goal that it recently lowered due to a quality issue with metal panels on hundreds of A320 jets.
Luxury car maker Mercedes-Benz car sales fell 9% to 1.8 million vehicles in 2025 amid a challenging global market, as the U.S. and China both registered a hefty drop in sales.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-12-26 1758ET
