Shares of industrial and transportation companies were more or less flat, amid concerns about a more drastic than anticipated economic slowdown.
U.S. job openings fell to their lowest levels in more than three years, returning to prepandemic levels in the latest sign of weakening in the labor market.
The U.S. international trade deficit widened 7.9% in July to $78.8 billion from a revised $73 billion in the prior month, the Commerce Department said.
Manufacturing activity declined and home sales softened in most parts of the country over the past six weeks, according to the Federal Reserve's latest Beige Book survey.
In one promising sign, orders for U.S. manufactured goods rose 5% in July after two straight monthly declines.
SpaceX has moved to evacuate employees from Brazil and warned others against traveling to the country, a sign of how Elon Musk's ongoing battle against Brazil's highest court over his social-media company X is spilling out to affect some of his other businesses.
Volvo Car abandoned its target of having a fully electric lineup by the end of the decade, saying it was still likely to sell some hybrid models as the market faces an increasingly bumpy transition to electric vehicles. The warning echoed Volkswagen's report of financial duress from the transition to electric vehicles.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
09-04-24 1727ET
