Shares of manufacturing and transportation companies ticked down after a weak regional report and fears of a production slowdown caused by flooding in Texas.
Manufacturing activity across Texas grew in August, but at a slower pace than July, according to a report Monday. The pace is likely to slow in August as one of the most heavily industrialized regions of the state--the Southeast, around Houston, faces a historic flood that could paralyze the economy there for weeks. A substantial portion of the nation's production capacity for the chemical ethylene was in the path of the storm.
Continue Reading Below
-Rob Curran, firstname.lastname@example.org
(END) Dow Jones Newswires
August 28, 2017 17:02 ET (21:02 GMT)