Shares of industrial and transportation companies rose amid optimism about global economic growth.

In a good sign for global trade, shares of Siemens rallied after the German manufacturing conglomerate's fourth-quarter results came in above expectations and a strong free cash flow drove a dividend lift.

Emirates Airline agreed to buy 95 wide-body jets from Boeing, moving to expand its fleet of long-haul jets in the coming years to meet rising demand for global travel.

Federal regulators have ordered Toyota Motor's auto-lending arm to pay $60 million in fines and consumer redress for allegedly preventing borrowers from canceling product bundles that raised their monthly loan payments.

Nikola's departing finance chief Anastasiya Pasterick is heading to another hydrogen-powered vehicle company.

Electric-vehicle startup Fisker has lost its second chief accounting officer in less than a month, marking the latest setback for a company that only recently started selling its first model, and bringing its losses for the past month to 55%.

Write to Rob Curran at

(END) Dow Jones Newswires

11-20-23 1700ET