Shares of industrial and transportation companies rose as traders bet an accommodative Federal Reserve would offset an apparent slackening in economic activity.

Combine maker Deere & Co. will cut management and production staff as part of a strategic overhaul.

Chemical processor Chemours named a new finance chief after suspending three top leaders earlier this year due to an accounting scandal.

Boeing's Starliner spacecraft blasted off on its first astronaut mission, a years-in-the-making flight that the company and the National Aeronautics and Space Administration had delayed several times.

Write to Rob Curran at

(END) Dow Jones Newswires

06-05-24 1713ET