News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Industrials Down on Flight from Risk -- Industrials Roundup

01/21/2022 | 04:26pm EDT

Shares of industrial and transportation companies fell as traders sold out of cyclical sectors in a headlong flight from financial risk.

Investors are also recalibrating expectations for the passage of the budget reconciliation bill, said one brokerage. "After the collapse in negotiations on the Build Back Better Act, we now expect a fiscal package about half as large," said strategists at brokerage Bank of America Global Research, in a note to clients.

"Fiscal policy remains supportive for the economy, but the tailwind is fading."

European aerospace giant Airbus scrapped a $6 billion jet contract with Qatar Airways, part of an escalating legal battle between the two over paint on recently delivered A350 jets.

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

(END) Dow Jones Newswires

01-21-22 1626ET

Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE 1.97% 104.76 Real-time Quote.-6.76%
BANK OF AMERICA CORPORATION 0.53% 35.84 Delayed Quote.-19.44%
Latest news "Economy & Forex"
12:49aU.S. wheat, corn fall on hopes stuck Ukraine supply could start moving
RE
12:45aCOLUMN-INDIA'S DOMESTIC COAL CRUNCH ADDS TO IMPORT COST WOES : Russell
RE
12:43aAllegro lowers FY expectations as inflation bites
RE
12:38aANALYSIS : Stock and bond divergence offers hope for battered 60/40 portfolio
RE
12:34aOil firms on tight supply though EU ban on Russian oil still uncertain
RE
12:31aChina's Lenovo posts 6.8% rise in Q4 revenue
RE
12:29aChina's economic slowdown woes dent benchmark iron ore futures
RE
12:27aELON MUSK : Stocks to Struggle as Fed -2-
DJ
12:27aEMEA MORNING BRIEFING : Stocks to Struggle as Fed Sticks to Rate Commitment
DJ
12:24aIndian shares rise as IT, financials advance
RE
Latest news "Economy & Forex"