Shares of industrial and transportation companies turned higher as investors displayed a little risk appetite.
President Biden was set to head to Capitol Hill Friday afternoon as Democrats worked to forge an agreement between their moderate and progressive wings on a social policy and climate package and break an impasse over a separate $1 trillion infrastructure bill.
House Democratic leaders had planned on bringing the public works legislation up for a vote on Thursday, but a progressive rebellion against the central element of President Biden's agenda forced lawmakers to push the vote to Friday.
Progressive Democrats are insisting that the party first unite around and pass the social policy and climate proposal, using their threat to oppose the infrastructure bill as leverage in the separate negotiation with other Democrats.
In corporate news, DHL Express plans to raise rates for shipments for U.S. customers by an average of 5.9% starting Jan. 1, effectively matching a FedEx Corp. price increase for next year in an action that will raise costs for parcel shippers.
U.S. aviation regulators said they are reviewing a letter signed by a former employee at Blue Origin, Jeff Bezos' space company, that claims the company prioritized speed over safety on some of its rockets.
Write to Amy Pessetto at amy.pessetto@dowjones.com
(END) Dow Jones Newswires
10-01-21 1702ET
