Shares of industrial and transportation companies tumbled amid fears about further bank failures.
U.S. industrial production was flat in February, the Federal Reserve reported Friday. The unchanged reading was in line with economists' expectations, according to a survey by The Wall Street Journal.
General Electric said it canceled stock awards for Chief Executive Officer Larry Culp originally valued at $20 million, saying the company had failed to reach minimum performance thresholds necessary for the executive to take full title to the shares.
FedEx shares jumped higher as the delivery giant topped earnings views and guided higher on full-year profit as cost cuts offset continued demand weakness.
Slovakia said it would send 13 MiG-29 jet fighters to Ukraine after Poland pledged to supply four, marking a significant boost in support for Kyiv as it builds up for a counteroffensive against Russia's invading forces.
Write to Amy Pessetto at amy.pessetto@dowjones.com
(END) Dow Jones Newswires
03-17-23 1707ET
