Industrials Down After Factory Data - Industrials Roundup

Published: 2026-04-16 17:09:37 ET PLD

Published on 04/16/2026 at 05:09 pm EDT

Shares of industrial and transportation companies slipped after weak factory data.

Industrial production fell by 0.5% last month, after increasing by an upwardly revised 0.7% in February.

President Trump said talks between the U.S. and Iran could resume this weekend.

The Iran war and its impact on metals prices is a major factor in the earnings outlook for many heavy industrial and construction companies, said one brokerage.

"Earnings expectations remain heavily weighted to the second half of 2026 with the two biggest determinants of whether that comes to fruition or not (impact of Section 232 Steel/Aluminum Tariffs and Iran/U.S. conflict) still being heavily debated by the market," said analysts at brokerage Morgan Stanley.

General Motors pledged about $5 billion in new U.S. investments to boost domestic production to more than two million vehicles a year.

Ford Motor plans to expand partnerships with Chinese manufacturers abroad, while leaving the door open to one day allowing Chinese cars in the U.S. Industrial real-estate developer Prologis reported first-quarter revenue growth.

Write to Rob Curran at [email protected]

(END) Dow Jones Newswires

04-16-26 1708ET