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Industrials Suffer Amid Rotation Back to Tech -- Industrials Roundup

01/21/2021 | 05:05pm EST

Shares of industrial and transportation companies fell as investors rotated back into growth sectors from value areas.

Automakers have been on the rise amid enthusiasm about a shift to electric vehicles under the Biden administration. Ford Motor rallied to a three-year high continuing a strong run for it and crosstown rival General Motors, as investors bet incentives for electric-vehicle production would support the Detroit giant's shift to more fuel-efficient cars.

A cargo ship operated by A.P. Moller-Maersk A/S lost several hundred containers in the Pacific Ocean while sailing through heavy seas from China to Los Angeles, the latest in a spate of such incidents.

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

(END) Dow Jones Newswires

01-21-21 1704ET

Stocks mentioned in the article
ChangeLast1st jan.
A.P. MØLLER - MÆRSK A/S 4.08% 13780 Delayed Quote.1.36%
FORD MOTOR COMPANY 2.39% 11.98 Delayed Quote.36.29%
GENERAL MOTORS COMPANY 2.36% 52.54 Delayed Quote.26.18%
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