Shares of industrial and transportation companies fell after mixed wholesale inflation data.
The producer price index rose 0.4% in November, as the price of eggs and other ingredients rose sharply. The less volatile core measure of the producer-price index rose a scant 0.1% last month, the government said.
Bombardier shares recouped some of their postelection losses after Cowen analyst Tim Jame said executives at the Canadian business jet manufacturer were sanguine about U.S. President-elect Donald Trump's tariff plans.
Aerospace and defense imports were excluded from tariffs in Trump's previous presidency, the Bombardier executives noted, and aerospace trade between the U.S. and Canada is two-way street, making tariffs less likely.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
12-12-24 1813ET
