Shares of industrial and transportation companies fell as investors rotated back into growth sectors from value areas.
Automakers have been on the rise amid enthusiasm about a shift to electric vehicles under the Biden administration. Ford Motor rallied to a three-year high continuing a strong run for it and crosstown rival General Motors, as investors bet incentives for electric-vehicle production would support the Detroit giant's shift to more fuel-efficient cars.
A cargo ship operated by A.P. Moller-Maersk A/S lost several hundred containers in the Pacific Ocean while sailing through heavy seas from China to Los Angeles, the latest in a spate of such incidents.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-21-21 1704ET
