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Industrials Fall as Trade Concerns Come Back in Focus -- Industrials Roundup

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07/11/2018 | 11:19pm CEST

Shares of manufacturing and transportation companies sank as trade tensions escalated again.

The Trump administration said late Tuesday that it would assess 10% tariffs on an additional $200 billion in Chinese goods.

Caterpillar was one of the biggest losers in the Dow industrials, falling 3%. The heavy equipment manufacturer has said tariffs would increase its material costs.

Shares of American Airlines Group fell nearly 8% after the air carrier cut its second-quarter outlook for unit revenue growth, citing lower-than-anticipated domestic yields.

JetBlue Airways said it would buy 60 CSeries jetliners from Airbus with options for more, as the European plane maker's rivalry with Boeing extends into the market for smaller planes. ([email protected])

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