Shares of industrial and transportation companies rose after inflation data.
The consumer-price inflation index slowed to a 3% annual rate, significantly softer than economists had forecast, and likely setting up a Federal Reserve rate cut in September.
Shares of Joby Aviation rallied after the maker of emission-free aircraft reported a successful 523-mile flight of an electrical aircraft.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
07-11-24 1756ET