Shares of industrial and transportation companies rose as traders bet the Omicron variant of Covid-19 would not be a major impediment to economic growth.
Early indications from South African data suggest the new variant may be more infectious but less severe than previous strains.
Boeing shares rose after investment firm 777 Partners said it would nearly double its 737 MAX order to 68 jets.
Shares of AeroVironment plummeted 27% after the maker of unmanned airplane systems posted quarterly earnings short of investors' expectations.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
12-07-21 1709ET
