Shares of industrial and transportation companies fell after indications in the Federal Reserve's minutes that the central bank could begin tapering bond purchases by the end of this year.
Automated factory machine maker Rapid Robotics raised roughly $37 million, tapping prominent venture investors on the thesis that its robotic arms can help factories address the labor and parts shortages dragging on companies across the economy.
Shares of companies which stand to gain from the passage of infrastructure legislation, including construction-machinery maker Caterpillar, rose.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
08-18-21 1715ET
