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

(END) Dow Jones Newswires

11-21-23 1707ET