Shares of industrial and transportation companies fell amid delays in negotiations on a second round of economic stimulus.

Treasury Secretary Steven Mnuchin called on Congress to reappropriate the nearly $500 billion to help small businesses and unemployed workers after discontinuing a joint lending program with the Federal Reserve.

Asked whether he would pledge to restart talks with House Speaker Nancy Pelosi (D., Calif.), the Treasury secretary said he planned to speak with White House chief of staff Mark Meadows and Republican leadership in the Senate and House before further negotiations with Democrats, "to try to get a targeted bill done for the people that really need it."

The "stimulus setback shouldn't derail [the] equity rally," said strategists at money manager UBS Global Wealth Management, in a note to clients.

"For investors, we see the greatest potential in the sectors with scope to 'catch up' as the vaccine rollout and policy support facilitate an economic recovery over the coming year."

The Small Business Administration has begun asking some Paycheck Protection Program borrowers to document why they needed the loans, drawing concern from advocacy and trade groups that say such disclosures weren't required when the businesses applied for aid.

In the latest sign of a rebound in the freight business, French container shipping giant CMA CGM's posted a more than tenfold increase in third-quarter profit to $567 million, as western retailers scramble to restock before the year-end holidays.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

11-20-20 1702ET