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Industrials Pull Back Amid Shift Away From Reopening Stocks -- Industrials Roundup

06/14/2021 | 05:21pm EDT

Shares of industrial and transportation companies fell as reopening stocks led the market lower.

On Tuesday, data are expected to show that U.S. industrial production rose in May, led by a pickup in manufacturing. Factory activity around the world has faced similar opportunities and challenges: red-hot demand, rising costs, supply-chain bottlenecks and trouble hiring workers.

The Transportation Security Administration reported that more than two million airline passengers were screened nationwide both Sunday and Friday, marking the first two million-plus daily tallies in 15 months.

Toshiba Chairman Osamu Nagayama said the company will look for new directors after a probe found it worked with the Japanese government against foreign shareholders.

A ticket to go into space next month with Jeff Bezos went for almost $30 million, including the commission, in a charity auction Saturday, said Blue Origin, the space company founded by the billionaire. The winner of the live phone auction wasn't revealed Saturday - Blue Origin said it had to complete final paperwork - but is expected to be named in two weeks.

 Write to Amy Pessetto at amy.pessetto@dowjones.com 

(END) Dow Jones Newswires

06-14-21 1720ET

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