Shares of industrial and transportation companies ticked up amid optimism that a banking crisis was close to an end.
One brokerage warned that another market crisis was already looming.
"DC's bank failure concerns don't appear to have improved the chances of a timely debt ceiling resolution, keeping policy risk live for investors," said analysts at brokerage Morgan Stanley.
Among the reasons brinksmanship on the debt ceiling appears likely are the links drawn between government spending, rate tightening and the banking crisis drawn by some legislators.
Ford Motor Co. is investing in a $4.5 billion nickel processing facility in Indonesia as the auto maker seeks to secure a supply of key minerals used in electric-vehicle batteries.
A BNSF freight train hauling ethanol, a highly flammable and toxic chemical, derailed in Minnesota early Thursday, sparking a fire and prompting residents to evacuate the area, in the latest of a series of high-profile railroad accidents.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
03-30-23 1654ET
