Shares of industrial and transportation companies fell slightly as market euphoria about the economic outlook cooled somewhat.
Honeywell International shares rose after activist investment firm Elliott Management advocated the industrial conglomerate split up its business, having amassed a stake in Honeywell valued at more than $5 billion. Honeywell's largest rivals among industrial conglomerates -- Siemens and General Electric -- recently broke themselves up into a series of more specialized manufacturing companies.
Boeing has agreed to pay Spirit AeroSystems up to $350 million in advance to keep producing products for it as the fuselage supplier works through a liquidity crunch.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
11-12-24 1801ET