Shares of industrial and transportation companies were flat amid anxiety about wholesale inflation.
In a bad sign for factory costs, the producer price index rose 0.5% in April, far above the average economist target of 0.3%.
One day after reports that President Biden was planning to raise tariffs on Chinese electric vehicles to roughly 100%, Donald Trump vowed to double those tariffs.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
05-14-24 1751ET
