Shares of industrial and transportation companies fell as hopes of a near-term peak in interest rates faded.
Strong services sector data and comments from a key Federal Reserve official belied speculation that the central bank would be forced to shift its rate-policy plans.
Boeing shares were more or less flat after American Airlines said it had put Boeing 787-8s delivered in August into service, clearing the way for the jetmaker to book the orders after a delay.
Chinese battery maker CALB priced its Hong Kong initial public offering at 38 Hong Kong dollars a share, aiming to raise an estimated $1.26 billion in net proceeds.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
10-05-22 1658ET
