Shares of industrial and transportation companies fell after mixed factory data.
The Institute for Supply Management's manufacturing index slipped to 59.5 in July from 60.6 in June, indicating that the rate of growth in activity is slowing slightly. While the U.S. gauge remains firmly in expansion territory, a private measure of Chinese activity is teetering near the flat line: the Caixin China purchasing managers index dropped to 50.3 in July from 51.3 in June, the closest to the 50 cutoff between expansion and contraction in 16 months, Caixin Media and researcher Markit said.
Senators wrapped up the construction of a roughly $1 trillion infrastructure bill over the weekend, racing to pass it through the chamber by the end of the week and send it to the House, where its fate is intertwined with a $3.5 trillion package of Democratic priorities.
Shares of U.K. aerospace company Meggitt rose after the company agreed to an $8.76 billion takeover by conglomerate Parker Hannifin, a deal that is expected to double the size of Parker's Aerospace Systems segment.
Write to Amy Pessetto at amy.pessetto@dowjones.com
(END) Dow Jones Newswires
08-02-21 1633ET
