Shares of industrial and transportation companies rose after mixed earnings.
General Motors rallied after the auto giant projected higher-than-expected cash flows this year and promised to return more cash to investors, despite an unsettled tariff environment and a costly retreat from electric vehicles.
Boeing shares slipped despite swinging to an $8.22 billion profit following a surge in aircraft deliveries.
Shipping firm UPS plans to cut an additional 30,000 operational positions this year, the company said, as it continues with its restructuring efforts.
Freight railroad Union Pacific posted a higher profit in the fourth quarter despite revenue falling slightly due to a headwind from lower volumes.
Redwire rallied after the maker of aerospace technology such as orbital drones and sensors said it received a contract related to the Pentagon's Golden Dome missile-defense system. The contract was part of a round that could lead to $151 billion in U.S. defense spending, although the dollar value of Redwire's contract has yet to be determined.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-27-26 1735ET
