The conglomerate announced its plan to halt pensions for non-union workers shortly after IBM's announcement that it will resurrect defined-benefit plans.

The Federal Reserve is facing a bumpy path to tame inflation, which risks staying elevated in coming months should the prices of goods, such as clothing and cars, continue to climb.

Merchandise imports remain elevated, but U.S. exports of services climbed in November to a record $85.7 billion.

Comerica Inc. will take a charge of $91 million in non-interest income from a similar accounting change tied to the index being discontinued.