Shares of industrial and transportation companies were more or less flat as traders digested a strong earnings season and assessed the outlook for a major infrastructure bill.
In one sign of the earnings bonanza in the second quarter, analysts at Refinitiv said more than nine in ten of the 195 companies from the Standard & Poor's 500 that had reported earnings exceeded Wall Street target, the highest such ratio on record.
The Senate reached a compromise on an infrastructure bill and Senate Majority Leader Chuck Schumer prepared the legislative body for a vote on the bill as soon as Wednesday night.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
07-28-21 1638ET
