Shares of industrial and transportation companies slipped after a disappointing growth update from one bellwether.
Deere & Co. shares fell after the maker of agricultural and construction machinery cut its projection for fiscal 2024 earnings.
The Philadelphia Federal Reserve's gauge of regional business activity fell to 4.5 in May from 15.5 in the prior month.
Canadian Pacific Kansas City said it could take up to two months for a regulator to rule on whether Canada's two big railroads must transport certain goods during a labor disruption.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
05-16-24 1750ET
