Shares of industrial and transportation companies declined as fears about rising interest rates and diminished global growth prospects weighed on cyclical sectors.
Railroad Union Pacific said it was caught off guard by the amount of workers absent because of quarantines and getting their vaccines, which led to fewer on-time trips and other deteriorating operating performance in the fourth quarter.
Attorney General Merrick Garland plans to meet with families of people killed in two deadly crashes of Boeing's 737 MAX jet, who say prosecutors should have conferred with them before striking a $2.5 billion settlement with the aerospace company last year, The Wall Street Journal reported.
The Philadelphia Federal Reserve's index of manufacturing conditions rose by 8 points in January to 23.2, suggesting factories are expanding activity in the surrounding region despite the Omicron outbreak and persistent labor and supply shortages.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-20-22 1639ET
