Shares of industrial and transportation companies fell after a mixed round of earnings.
Boeing shares fell after the aerospace giant said it burned through nearly $4 billion in the most recent quarter as fallout from the Alaska Airlines midair accident exacted a financial toll.
Durable goods orders rose 2.6% in March amid strong demand for aircraft. Orders ex-defense, which screens out the impact of volatile categories, rose marginally.
North American freight-railroad traffic rose 1.3% for the week ended Saturday, with signs that the data point is bringing the weekly winning streak to 12 after a slow start to the year.
Tire maker Michelin reiterated its earnings projection despite lower revenue in the first quarter on softer demand.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
04-24-24 1715ET
