Shares of industrial and transportation companies rose amid mixed earnings fortunes.
Jeep maker Stellantis said it would book charges of about $26 billion, making it the latest automaker to write off massive investments in electric vehicles that many Americans remain reluctant to buy.
Carrier Global rose slightly in the session after its fourth-quarter earnings report. The maker of heating, ventilation and air-conditioning equipment was one of several manufacturers, including Caterpillar and Cummins, that offset weak demand in some of their core businesses by selling cooling and power-generation equipment to data centers.
Toyota Motor Chief Executive Koji Sato is stepping down after a relatively short term in office that was buffeted by President Trump's tariffs and struggles to maintain market share in China
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
02-06-26 1811ET
