Shares of industrial and transportation companies were flat as traders awaited developments from talks in Switzerland.
British Airways owner International Consolidated Airlines said it ordered 53 planes from Boeing and Airbus, marking a significant investment in its fleet despite uncertainty in the sector stemming from trade tensions.
Chinese shipment of goods to the U.S. dropped 21% in April from a year earlier, while exports to the bloc of Southeast Asian nations -- known as Asean -- surged 21%, according to official trade figures released by China's General Administration of Customs.
The president of the Federal Reserve Bank of New York is emphasizing the need to keep long-term inflation in check.
Panasonic Holdings plans to cut about 10,000 jobs globally as it streamlines operations at its headquarters and business units including consumer electronics.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
May 09, 2025 17:13 ET (21:13 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.