Shares of industrial and transportation companies slumped as coronavirus restrictions continue across the globe.
Europe's major air carriers are cutting their capacity plans for the end of the year as they grapple with a surge in coronavirus cases and new restrictions to limit the spread of the viral disease.
Air France said Friday it would operate 35% of its 2019 capacity in the current quarter, down from the 50% it had planned previously.
Meanwhile, supply-chain bottlenecks caused by a crush of imports heading into U.S. seaports are pinching retailers' efforts to stock up as consumers pick up their spending. Executives at Steve Madden Ltd. and Crocs Inc., merchants known for their footwear, both said in their third-quarter reports this week that they were hit by logistics delays in getting goods to distribution centers and stores heading into a critical selling season.
Honeywell on Friday recorded a smaller profit and reduced revenue year over year in the latest quarter, as sales declined for the company's aerospace division during the pandemic.
Write to Amy Pessetto at amy.pessetto@dowjones.com
(END) Dow Jones Newswires
10-30-20 1730ET
