Shares of industrial and transportation companies ticked down as traders hedged their bets on the outlook for economic activity.

Ford Motor reduced the size of plans for a Michigan battery plant, citing a pullback in the outlook for electric-vehicle demand.

British Airways owner International Consolidated Airlines said it would reinstate dividends once its balance sheet and investment plans are secure.

Siemens Energy said it has defined a plan for its troubled wind-turbine unit to reach breakeven by fiscal 2026 and return to profitability after that, and extended midterm margin targets for its core businesses.


Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

11-21-23 1707ET