Industrial Shares Fall Ahead of Inflation Data — Industrials Roundup
Shares of industrial companies fell as investors awaited Wednesday's consumer-price index, which will show whether a bounceback in price pressures at the start of 2024 continued in March. Economists forecast that consumer prices rose 3.4% from a year earlier, up from February's 3.2% rate.
Norfolk Southern agreed to a $600 million settlement in relation to the Ohio train derailment of February 2023.
Boeing delivered 24 737 MAX jets in March, capping the airplane makers slowest start to the year since the pandemic. Boeing has been turning out fewer planes since the Jan. 5 Alaska Airlines door plug blowout.
GE Aerospace stock fell as slower production of Boeing jets can mean lower new engine sales.
Write to Patrick Sullivan at patrick.sullivan@wsj.com
(END) Dow Jones Newswires
April 09, 2024 16:57 ET (20:57 GMT)
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