Shares of industrial and transportation companies fell after a mixed round of earnings.

Boeing shares fell after the aerospace giant said it burned through nearly $4 billion in the most recent quarter as fallout from the Alaska Airlines midair accident exacted a financial toll.

Durable goods orders rose 2.6% in March amid strong demand for aircraft. Orders ex-defense, which screens out the impact of volatile categories, rose marginally.

North American freight-railroad traffic rose 1.3% for the week ended Saturday, with signs that the data point is bringing the weekly winning streak to 12 after a slow start to the year.

Tire maker Michelin reiterated its earnings projection despite lower revenue in the first quarter on softer demand.

Write to Rob Curran at

(END) Dow Jones Newswires

04-24-24 1715ET