Shares of industrial and transportation companies fell slight as traders hedged their bets on the outlook for infrastructure-bill negotiations.
The industrial sector has been volatile in recent weeks, amid fears that a spike in inflation and supply-chain interruptions would offset rising demand for manufactured goods.
Some strategists say these complications are ultimately positive signs for growth. "As the economy recovers, we are seeing more examples of demand exceeding supply side capacity," said Brian Rose, senior economist for the Americas at money manager UBS Global Wealth Management, in a note to clients.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
06-23-21 1630ET
