Shares of industrial and transportation companies rallied as traders sought out cyclical sectors.

The University of Michigan's consumer-sentiment survey logged the biggest two-month gain in 33 years.

German chemicals processor BASF said its 2023 results missed expectations, as cost cuts could not salvage profit margins.


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

(END) Dow Jones Newswires

01-19-24 1727ET