Industrials Down on Auto Sales Data, AI Rotation - Industrials Roundup
Shares of industrial and transportation companies fell amid mixed auto-sales data and a retreat from artificial-intelligence bets.
Ford Motor shares slipped after the car maker posted a drop in second-quarter vehicle sales, citing in part the phaseout of two of its models as it prepares for a new electric pickup truck.
Tesla shares fell despite posting a sharp increase in unit sales. Tesla sold 480,126 electric vehicles globally in the second quarter, up 25% from a year earlier.
Rivian shares rallied after a spike in energy prices spurred sales of its electric pickup truck and other vehicles.
Corning, the maker of specialty glass whose optical-fiber products in high demand among data-center developers, fell sharply.
Shares of Caterpillar and Innio, which make generators used by data centers, fell sharply.
AeroVironment rose after the maker of drone technology company received a $500 million U.S. defense contract for counter-unmanned aerial systems.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
July 02, 2026 17:16 ET (21:16 GMT)
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