Shares of industrial and transportation companies ticked up as traders rotated into rate and economically cyclical sectors, betting the Federal Reserve would stick to its guns on rate policy plans.
One strategist said the Fed may not loom as large as previously. "Stocks are now trying to move past their dependence on central bank policy," said Mike Wilson, chief U.S. equity strategist at brokerage Morgan Stanley. "This week's Fed and (Bank of Japan) meetings will be important tests to see if that trend holds."
After a high-profile split, FedEx and Amazon.com are exploring new ways to team up, The Wall Street Journal reported.
U.S. auto-safety regulators have opened an investigation into a recent fatal wreck involving a Ford Motor SUV that is suspected to have involved the automaker's advanced-driver assistance technology.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
03-18-24 1755ET
