Shares of industrial and transportation companies fell sharply after mixed data and mixed signals from the Middle East.
Another drop in oil futures alleviated concerns about wholesale inflation.
German chemicals processor Evonik raised its growth projections for the year on higher prices, higher sales volumes and cost reductions.
President Trump on Friday threatened to greatly increase tariffs on European nations if they follow through on plans to impose new taxes on U.S. tech companies.
Write to Rob Curran at rob.curran@dowjones.com
