Shares of industrial and transportation companies rallied amid earnings and economic-growth optimism.

Federal Reserve Bank of Boston President Eric Rosengren said he expects the economy will pick up steam this year as vaccines to combat the coronavirus pandemic roll out.

Agricultural equipment maker Deere & Co. posted an increase in fourth-quarter sales and profit.

Honda Motor's new chief executive Toshihiro Mibe, an engineer who has worked on electric vehicles, is poised to accelerate Honda's move into EVs and build on its growing partnership with General Motors.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

02-19-21 1702ET