Industrials Lower on Risk-Off Sentiment -- Industrials Roundup

FeaturesDow Jones Newswires

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.

Continue Reading Below

Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

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