In section Market Quotes

Industrials Fall as AI Concerns Resurface

Shares of industrial and transportation companies declined as investors revisited concerns about the outlook for the AI boom, which has been a key driver of activity in the sector.

Industrials Fall as AI Concerns Resurface

Siemens reported higher earnings for its fiscal fourth quarter, supported by strong demand for its smart infrastructure products. The German manufacturer’s results offered a positive counterpoint to the broader sector decline.

Rolls-Royce, the British jet engine maker, launched a $2 billion share buyback program, signaling confidence in demand from commercial aviation and defense.

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