Shares of industrial and transportation companies fell Monday amid growing concerns that the U.S. economy could be slowing faster than previously thought.
Goldman Sachs analysts warned that tariffs would likely increase input costs and hurt makers of products made of steel, aluminum, petroleum and coal.
Severfield shares lost nearly half of their value after the steelmaker canceled its share-buyback program and warned of falling profit this year.
Write to Paulo Trevisani at paulo.trevisani@wsj.com
(END) Dow Jones Newswires
March 03, 2025 17:06 ET (22:06 GMT)
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