Shares of manufacturing and transportation companies ticked down as traders hedged their bets on the outlook for economic and inflation data.
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One brokerage said the gains for aerospace and defense companies are set to continue, given global tensions. "The optics around a high threat environment ... are likely to continue given headlines around North Korea, Russia, the Mideast and so on," said analysts at brokerage Morgan Stanley, in a research note, adding defense budgets are likely to grow, even if there is a "sequestration" process on the budget.
Rob Curran, email@example.com
(END) Dow Jones Newswires
August 08, 2017 17:45 ET (21:45 GMT)