Shares of industrial and transportation companies rose slightly amid mixed earnings.
Shares of aerospace, defense and manufacturing conglomerate Honeywell International fell after it projected earnings growth short of some investors' expectations.
There are abundant signs that supply-chain dysfunction is slowing industrial activity worldwide.
Eurozone business activity growth slowed sharply to a six-month low in October amid increasing supply bottlenecks and ongoing pandemic concerns, flash purchasing managers index data by IHS Markit showed.
More than 37% of all container capacity is stuck on ships or ports across the world, with China and the two biggest American gateways in Los Angeles and Long Beach among the most choked, according to maritime services provider Clarksons Research, as reported earlier.
Shares of trucking line Xpress Enterprises tumbled after its earnings growth lagged that of rival Knight Swift.
Last-mile delivery company LaserShip said it named Mark Holifield chief executive, poaching the veteran supply-chain executive from retailer Home Depot as the regional parcel carrier pushes for a national presence.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
10-22-21 1627ET
