Shares of industrial and transportation companies fell after weak factory data.

The S&P Global U.S. manufacturing PMI decreased to 46.2 in December from 47.7 in November, the lowest reading since factories were on hiatus in May 2020.

3M's decision to quit making "forever chemicals" was likely a tactical step to limit liability in pending legal fights, The Wall Street Journal reported.

Bob Biesterfeld was fired as chief executive of C.H. Robinson Worldwide, forcing the largest U.S. freight broker to recruit a new leader at a challenging time for the industry.


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

(END) Dow Jones Newswires

01-03-23 1659ET