Shares of industrial and transportation companies fell sharply after surprisingly strong inflation data stoked concerns about the outlook for interest rates.

Shares of hardwood flooring maker LL Flooring Holdings rallied after rival Live Ventures offered $5.85 a share cash. LL Flooring's stock soared during the housing-construction boom, but has languished in recent months amid losses, a failed buyout bid, and a slowdown in home-improvement projects.


Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

10-12-23 1801ET