Industrials Flat as Traders Await Budget, Jobs Updates -- Industrials Roundup

Published: 2025-06-30 17:28:09 ET BA

Published on 06/30/2025 at 17:28

Shares of industrial and transportation companies were more flat as traders awaited updates on trade and congressional budget negotiations.

Treasury Secretary Scott Bessent expressed confidence in the Republican tax and budget bill passing before July 4. That seems ambitious, but would likely give cyclical sectors a lift should it happen, said J.D. Joyce, president of Houston financial advisory Joyce Wealth Management. A weak reading of June jobs growth on Thursday could generate gains for the same sectors, Joyce said.

"We may be back to that period of time where bad news is interpreted positively and good news negatively," because of the implications for Federal Reserve policy, Joyce said.

Stanley Black & Decker named Christopher Nelson to succeed Donald Allan Jr. as president and chief executive of the tool maker, effective Oct. 1.

Boeing shares fell after U.K. antitrust officials said they were probing the proposed acquisition of fuselage maker Spirit AeroSystems.

Write to Rob Curran at [email protected]

(END) Dow Jones Newswires

06-30-25 1727ET