Shares of industrial and transportation companies fell amid trepidation about the global economic outlook.
The JOLTS report of job turnover from the Bureau of Labor Statistics showed an increase in layoffs in October.
"The latest figures reiterate that the U.S. labor market is not collapsing," said Bret Kenwell, U.S. investment analyst at online brokerage eToro. "The October jobs openings hit their highest level since January, but notably, layoffs hit a multi-year high."
Ford and French peer Renault are teaming up to produce electric vehicles for the European market, fending off competition from China.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
12-09-25 1733ET
