Industrials Lower on Risk-Off Sentiment -- Industrials Roundup

Shares of manufacturing and transportation companies ticked lower as traders stepped back from the riskiest sectors on the stock market.

Amazon.com is experimenting with delivery services for third-party distributors in the Los Angeles area, according to analysts at brokerage Morgan Stanley. "If confirmed, this may be the catalyst that points to Amazon becoming a full-fledged parcel company, thereby competing with UPS and FedEx," said Morgan Stanley analysts. The Amazon experiment, Target's planned acquisition of delivery start-up Shipt and Walmart's investment in delivery capabilities suggest the shipping business is facing major competition from in-house operations, the analysts said.

Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

December 14, 2017 17:47 ET (22:47 GMT)