Shares of industrial and transportation companies fell as traders hedged their bets on the outlook for economic growth.
Shares of companies with the most to gain from passage of the infrastructure bill, including machinery market Caterpillar, were stronger than the broad market, as House Speaker Nancy Pelosi indicated she would bring the $1 trillion package to the floor for a vote on Thursday.
Boeing shares fell even after the aerospace giant said Germany confirmed an order of five P-8 maritime surveillance jets, an order worth about $1.77 billion.
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(END) Dow Jones Newswires