Shares of industrial and transportation companies fell as a flight from risk continued, amid fears about Covid-19 outbreaks and rising inflation.
Efforts to contain Covid-19 in China have led to factory closures there.
North American freight railroads posted an 8.9% drop in traffic for the week ended Saturday, as a slow start to 2022 continued.
Boeing and Caterpillar were the leading decliners on the Dow Jones Industrial Average, reflecting doubts about the health of the global economy.
General Motors plans to expand use of fuel cells to widen its electric-vehicle offerings.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-19-22 1631ET
