Shares of industrial and transportation companies rose amid relief about perceived restraint in Iran's response to the U.S. attack on its nuclear facilities.
Defense stocks rose slightly investors reacted to U.S. strikes on Iran.
"For U.S. GDP growth, we estimate that a $10-per-barrel increase in oil prices lowers growth by 0.1 percentage-points" net of the benefit to the energy investment, said economists at brokerage Goldman Sachs Group.
Tiremaker Continental said it has partnered with semiconductor company GlobalFoundries to design its own computer chips for vehicles.
Jeep-parent Stellantis announced a leadership reshuffle Monday, the first moves by Chief Executive Antonio Filosa as he starts work in his new role.
Ford Motor still faces difficulties obtaining vital magnets made with rare-earth elements, despite a deal the U.S. struck with China to ease export controls, said Ford executive Lisa Drake.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
06-23-25 1736ET
