Industrials Down as Boeing's China Disappointment Weighs -- Industrials Roundup

Dow Jones05-16 05:40

Shares of industrial and transportation companies fell as hopes for a major trade initiative between the U.S. and China faded.

Boeing shares fell as a massive wave of Chinese orders for the manufacturer's jet showed no sign of materializing.

President Donald Trump and Chinese leader Xi Jinping's long-anticipated summit ended with both suggesting an agreement to reset their relationship, but with few concrete breakthroughs otherwise.

One brokerage said upcoming economic data will reveal whether the U.S. is entering a phase of "stagflation," where rising prices would coincide with slowing growth; or "reflation" where both inflation and jobs growth will accelerate.

"The economy is being buffeted by a plethora of supply and demand shocks," said economists at brokerage Bank of America Global Research, in a note to clients. "Resilient spending and booming earnings point to reflation. But with the fiscal tailwind fading, the true test of consumer and labor resilience might still be ahead of us."

Stellantis struck a deal with Chinese auto maker Dongfeng Group to produce electric vehicles under the Peugeot and Jeep brands in China.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

May 15, 2026 17:40 ET (21:40 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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