Shares of industrial and transportation companies ticked down amid nerves ahead of the Federal Reserve's December meeting.
The SPDR Select Sector industrials exchange-traded fund has now fallen for seven straight sessions, the longest losing streak since the pandemic era in 2020. During that time it has lost a relatively modest 3.6%.
Boeing will invest $1 billion in its South Carolina operations to boost production of its 787 Dreamliner jets, seeking to address a growing backlog caused by problems ranging from manufacturing snafus and safety issues to a lack of parts.
Porsche Automobil Holding withdrew its profit forecast, citing in part billions of dollars in write-downs tied to its investment in Volkswagen.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
12-13-24 1752ET
