Shares of industrial and transportation companies declined after Federal Reserve Chairman Jerome Powell's statement prompted a recalibration of rate expectations.
Industrial production rose 0.4% for the second straight month in March, according to Fed estimates.
Shares of Massimo Group rallied after the maker of pontoon boats and other leisure equipment logged a big jump in profit in the fourth quarter.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
04-16-24 1812ET