Shares in the industrial sector traded slightly lower as robust economic indicators were offset by inflation concerns amid rising fuel prices.
Shares in SMA Solar rose after the company upgraded guidance for the year on better-than-expected operating momentum and market conditions.
Swedish defense company Saab backed its medium-term growth guidance after signing several large orders recently, noting that demand for military equipment continues to grow.
ArcBest said it will simplify its brand structure, reduce its workforce by about 2% and consolidate parts of its operating network as the logistics company looks to improve efficiency and profitability.
Write to Paulo Trevisani at paulo.trevisani@wsj.com
