Shares of industrial and transportation companies were more or less flat as hopes for a trade deal were offset by fears about the outlook for global economic growth.
American firms bought fewer Chinese-made consumer goods in October in the wake of new U.S. import tariffs, and the overall U.S. trade deficit narrowed, which could reflect slowing flows of goods around the world.
Recent factory data has suggested that the trade war has taken its toll on the U.S. industrial sector.
Italy is demanding about $1.6 billion in unpaid taxes from Fiat Chrysler Automobiles, in another hit to the car maker as it tries to complete its merger with Peugeot maker PSA Group and faces a lawsuit from General Motors.
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