Illinois Traded $390M in Surge, Ranks 303rd as ITW Drops 1.17% on Sector Woes

Illinois traded with a volume of $0.39 billion on October 8, 2025, marking a 61.85% surge from the previous day and ranking it 303rd in volume among listed stocks. Illinois Tool Works (ITW) closed 1.17% lower, reflecting sector-specific pressures.

Recent developments highlight a mix of operational updates and macroeconomic factors. A key infrastructure contract award to a regional construction firm boosted market confidence in the state’s industrial growth potential. Simultaneously, rising material costs and supply chain disruptions were cited in quarterly reports by major manufacturers, tempering bullish momentum.

Analysts noted that ITW’s decline aligns with broader manufacturing sector volatility, driven by delayed federal grants for mid-sized industrial projects. The state’s energy sector also faced headwinds as a temporary coal plant shutdown in central Illinois sparked short-term liquidity concerns among utilities.

To make sure we run the back-test exactly the way you intend, could you confirm a few details for me? 1. Market universe: Are we looking at all U.S.-listed common stocks (NYSE, NASDAQ, AMEX), or a different universe? If you have a specific ticker list, please let me know. 2. Rebalancing convention: Trade at the close and liquidate at the next day’s close (close-to-close return), or buy next day’s open and sell that same day’s close? Equal-weight allocation across the 500 names each day? (If you prefer a different weighting, please specify.) 3. Transaction costs / slippage: Should we assume zero trading cost, or apply a per-trade cost? Once I have these points, I can generate the signals and run the 2022-to-present back-test for you.