Cybersecurity
U.S. Stocks Rise as Transport, Consumer-Staple Shares Advance
This article is for subscribers only.
U.S. stocks rose, posting their sixth advance in seven days, as gains in transportation and consumer-staple companies overshadowed a slowdown in service-industry growth and China’s interest-rate increase.
Union Pacific Corp. climbed 0.8 percent to lead gains in shipping companies, while Costco Wholesale Corp. rallied 1.7 percent to help lead an advance in companies that sell consumer necessities. DuPont Co., Intel Corp. and Caterpillar Inc. increased at least 1.3 percent, pacing gains among companies most-dependent on economic growth. Bank of America Corp. and JPMorgan Chase & Co. slumped at least 1.1 percent as financial stocks retreated.