The Industrial Select Sector SPDR Fund ETF (NYSEARCA:XLI) closed 0.31% higher this week compared to a 0.25% rise in the wider S&P500 index. On a year-to-date basis, XLI has been slightly ahead of the broader markets, gaining 15.47%.
Weekly top 5 gainers
- Caterpillar (NYSE:CAT) ended up as the highest gainer this week in the industrial sector with shares +8.12%.
- General Electric (NYSE:GE) gained 6.90% in the week. Earlier this week, it declared a quarterly dividend of $0.36 per share, in line with its previous dividend.
- Ingersoll Rand (NYSE:IR) was one of the top five gainers as its shares ended +3.58% in the week.
- Norfolk Southern (NYSE:NSC) was +3.27%
- Cummins (NYSE:CMI) was +3.26% in the week ended September 19.
Weekly top 5 losers
- Builders FirstSource (NYSE:BLDR) continued to bleed this week with its shares, -13.02%, further pressured after Wedbush downgraded the firm to Neutral from Outperform on the back of subdued housing, elevated home inventories, and falling lumber prices.
- Verisk Analytics (NASDAQ:VRSK) saw its shares end -7.14% in the week.
- Copart (NASDAQ:CPRT) lost 5.27% in the week after Seeking Alpha analyst Value Sights rated the stock as Hold due to concerns stemming from declining insurance volumes, weaker assignment trends, and a shrinking insured vehicle pool.
- J.B. Hunt Transport Services (NASDAQ:JBHT) lost 3.92%.
- PACCAR (NASDAQ:PCAR) was -2.98%.
ETFs to tab the industrial sector include: (XLI), (VIS), (XAR), (EXI), (PSCI), (PRN), (FIDU).