Industry down after rotation to defensive sectors — Industry Review

Industrial and transportation stocks fell as investors moved into sectors that had less to lose from a significant economic slowdown.

Lucid Group and Fisker have recalled thousands of recently manufactured electric cars due to problems that could cause a loss of power.

Greek shipping company Danaos has secured $616 million in charter contracts, including agreements to build five new container ships, in the latest sign that the sector is in need of additional capacity.

Write to Rob Curran at [email protected]

(END) Dow Jones Newswires

07-09-24 1737ET