Shares of industrial and transportation companies rose slightly as investors saw the silver lining in weak manufacturing data.
The Institute for Supply Management said its index of U.S. manufacturing activity fell to 48.4 in December from 49.0 in November, descending further into contraction territory.
The Federal Reserve's minutes indicated the central bank was leaning toward an aggressive rate-hiking policy but planned to remain flexible, based on incoming economic data.
Fiat and Chrysler owner Stellantis struck a deal with experimental aerospace concern Archer Aviation to help it build an electric flying taxi. Archer Aviation shares rose.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-04-23 1705ET
