Shares of industrial and transportation companies fell sharply as traders fled high-risk sectors in the wake of bank earnings and mounting Middle East tensions.

Boeing shares fell amid fears that a spike in fuel prices would weigh on the jet market, and as the industrial giant reeled from a series of scandals, including reports about executive disclosures of perks.

Shares of Argan surged, a session after the maker of energy infrastructure reported a significant jump in revenue in the latest quarter.

Write to Rob Curran at

(END) Dow Jones Newswires

04-12-24 1723ET