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Industrials Slip Less Than the Market After Inflation Data

Industrial and transportation shares fell after wholesale inflation jumped, but their losses were smaller than those of the broader market. The increase was less severe than economists had expected, while Stellantis faced a separate dispute with Canadian officials over government support and financial commitments.

Industrials Slip Less Than the Market After Inflation Data

Jeep maker Stellantis offered to return C$24 million in government support. Canadian officials cautioned that the automaker remained in breach of financial commitments tied to a proposed plant sale.

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