Industrials shares fell Monday. The ISM's monthly survey of purchasing managers suggested a third straight month of contraction in the manufacturing sector in May.
Railroads notched some of the sector's steepest losses after Trump ratcheted up steel tariffs.
Shares of construction-equipment maker Caterpillar ended down. The stock started the day lower and extended its losses through the morning. Data published Monday by the Commerce Department showed the second straight monthly decline in the pace of U.S. construction spending.
Southwest Airlines inked a partnership with China Airlines to begin in early 2026. Southwest stock ended Monday lower.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
06-02-25 1708ET
