Shares of industrial and transportation companies rose on expectations for a U.S. rate cut and for a busy holiday travel period for airlines.

Southwest Airlines adopted a shareholder-rights plan to make it harder for activist Elliott Investment Management to build a controlling stake in the company.

The European Union gave Deutsche Lufthansa its conditional approval to buy a minority stake in ITA Airways, the Italian carrier formerly known as Alitalia, bolstering the German carrier group's reach in Europe and its exposure to the lucrative Italian market.


Write to Patrick Sullivan at patrick.sullivan@wsj.com

(END) Dow Jones Newswires

07-03-24 1629ET