Companies in the industrial sector were mostly lower as borrowing costs remained elevated amid signs of economic resilience in the U.S.

The Navy chose Boeing to build its next-generation jet fighter, the latest in a run of contract wins at the aerospace giant's military unit. The deal, worth more than $20 billion, tasks Boeing with building the next-generation jets that will eventually replace the carrier-launched F/A-18 Super Hornet in the 2030s, the Navy said. Boeing beat Northrop Grumman, its only rival in the competition after Lockheed Martin dropped out of the running last year.

Ford Motor's profitable F-150 took a hit this quarter because of a supplier issue that took production offline in recent weeks at a key truck assembly plant, the automaker's chief executive said. Ford's latest supplier issue temporarily halted production at a Michigan plant that makes the F-150 for about one week.

Nidec swung to a heavy annual net loss due to a $4 billion impairment in its auto-parts division and other businesses, providing the first detailed view of the fallout from an accounting scandal that still failed to earn a nod from its auditor.

Shares of Firefly Aerospace advanced following disclosure of a new commercial payload agreement with Starcloud to demonstrate advanced AI computing capabilities in lunar orbit. The space and defense technology company said Starcloud's computing payload, designated SC-1L, will fly onboard Firefly's Elytra orbital vehicle to validate the core capabilities of a future data center around the Moon that can support lunar surface and orbital infrastructure.