Shares of industrial and transportation companies ticked up as traders rotated into value sectors from growth sectors such as technology.
Shares of truck-engine maker Cummins ticked up even after it warned that chip shortages were causing supply-chain headaches, and said Chinese demand could soon slow.
General Electric shares fell after shareholders at the industrial conglomerate rejected the companies' executive compensation plans in nonbinding votes, continuing a backlash against highly paid "C-suite" executives at publicly traded companies.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
05-04-21 1651ET
