Shares of industrial and transportation companies rose amid hopes that inflation has peaked.
Shares of GE Aerospace and other jet-engine makers such as Safran and Rolls-Royce added to their cease-fire related gains.
The U.S. gross domestic product expanded at a 0.5% rate in the first quarter, slimmer than had initially been estimated.
The core personal-consumption expenditures price index, which excludes food and energy prices, rose by 3% in February from a year earlier, in line with economists' estimates, but still above the Federal Reserve's 2% target.
Should oil prices remain elevated, some economists warn another wave of inflation could ensue.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
04-09-26 1757ET
