Industrials Down After Wholesale Inflation Data — Industrials Roundup
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Shares of industrial and transportation companies fell following strong factory-gate inflation data, with producer prices rising 1.4% in April, exceeding March's 0.7% increase. Nissan Motor expects a return to net profit this fiscal year after seven consecutive quarterly losses. Siemens announced a $7.04 billion share buyback program over five years, reporting higher fiscal second-quarter revenue in its industrial sector.
Source: MorningStar The copyright of this article belongs to the original author/organization.
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