Industrials Down on Fuel Inflation, Rate Fears

Dow Jones

7小时前

Shares of industrial and transportation companies fell sharply amid concerns about wholesale inflation and interest rates.

Manufacturers are feeling the sting of record-high diesel prices. The latest increase in the price of oil is set to increase the fuel prices further.

The energy inflation also increases the likelihood of multiple rate hikes, another headwind for industrial companies. The Fed funds futures market has assigned a roughly 95% likelihood of a Federal Reserve rate increase.

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