Industrials Cos Flat on Economic Fears - Industrials Roundup
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Shares of industrial and transportation companies remained stable amid fears of a significant economic slowdown. Job openings in the U.S. have decreased to their lowest levels in over three years. The trade deficit widened by 7.9% in July, with a decline in manufacturing activity and home sales reported. On a positive note, U.S. manufactured goods orders rose by 5% in July. Additionally, SpaceX is evacuating employees from Brazil amid legal issues, and Volvo Car has abandoned its goal for a fully electric lineup, citing challenges in the transition to electric vehicles.
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