Shares of manufacturing and transportation companies were flat after strong economic data. The Commerce Department said a key measure of business earnings rose 3.5% from the second quarter, its third straight quarterly increase. The same report showed that the Commerce Department's third-quarter gross-domestic product growth estimate was revised higher to 3.2% from 2.9%. While the data suggests strong manufacturing activity in the third quarter, it could also increase the odds of imminent rate hikes.

-Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

November 29, 2016 16:44 ET (21:44 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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