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Industrials Down On Trade-Negotiations Fear - Industrials Roundup

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09/20/2019 | 04:31pm EDT

Shares of industrial and transportation companies fell amid fears about the outlook for U.S.-Chinese trade negotiations. Shares of trade-sensitive companies such as Caterpillar and Boeing were higher after the opening bell, but retreated after reports that Chinese officials had cancelled a trip to U.S. farmland. "Every time there's a headline that questions the viability of an agreement with China," trade-sensitive stocks "just get hammered," said Quincy Krosby, chief market strategist at Prudential Financial. Office-furniture maker Steelcase rose after it posted quarterly sales and profit growth in excess of Wall Street targets.

-Rob Curran, rob.curran@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
BOEING COMPANY (THE) 1.79% 337 Delayed Quote.2.65%
CATERPILLAR INC. 1.10% 133.69 Delayed Quote.5.21%
PRUDENTIAL FINANCIAL INC 0.36% 91.21 Delayed Quote.11.85%
PRUDENTIAL PLC 2.04% 1400 Delayed Quote.0.11%
STEELCASE INC. 0.44% 18.33 Delayed Quote.23.60%
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