---
title: "Industrials Cos Flat on Economic Fears - Industrials Roundup"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/213476788.md"
description: "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."
datetime: "2024-09-04T21:31:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/213476788.md)
  - [en](https://longbridge.com/en/news/213476788.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/213476788.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/213476788.md) | [繁體中文](https://longbridge.com/zh-HK/news/213476788.md)


# Industrials Cos Flat on Economic Fears - Industrials Roundup

Shares of industrial and transportation companies were more or less flat, amid concerns about a more drastic than anticipated economic slowdown.

U.S. job openings fell to their lowest levels in more than three years, returning to prepandemic levels in the latest sign of weakening in the labor market.

The U.S. international trade deficit widened 7.9% in July to $78.8 billion from a revised $73 billion in the prior month, the Commerce Department said.

Manufacturing activity declined and home sales softened in most parts of the country over the past six weeks, according to the Federal Reserve's latest Beige Book survey.

In one promising sign, orders for U.S. manufactured goods rose 5% in July after two straight monthly declines.

SpaceX has moved to evacuate employees from Brazil and warned others against traveling to the country, a sign of how Elon Musk's ongoing battle against Brazil's highest court over his social-media company X is spilling out to affect some of his other businesses.

Volvo Car abandoned its target of having a fully electric lineup by the end of the decade, saying it was still likely to sell some hybrid models as the market faces an increasingly bumpy transition to electric vehicles. The warning echoed Volkswagen's report of financial duress from the transition to electric vehicles.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

09-04-24 1727ET

### Related Stocks

- [AB Volvo (publ) (VLVLY.US)](https://longbridge.com/en/quote/VLVLY.US.md)

## Related News & Research

- [AB Volvo Updates Share Structure After Conversion of Series A to Series B Shares](https://longbridge.com/en/news/281215548.md)
- [Kia unveils US-spec EV3, for sale this year, picking up the ball Volvo dropped](https://longbridge.com/en/news/281377867.md)
- [Citigroup trims Volvo price target to SEK 344 (358), reiterates Buy - BN](https://longbridge.com/en/news/281123511.md)
- [10:27 ETPowerful and fuel-efficient - meet Volvo's future hydrogen truck](https://longbridge.com/en/news/281387233.md)
- [07:25 ETNew number of votes in AB Volvo](https://longbridge.com/en/news/281177700.md)