Industrial Sector ETF XLI Gains 0.26% While S&P500 Rises 0.33%

The Industrial Select Sector SPDR Fund ETF closed 0.26% higher last week, while the S&P500 index rose 0.33%. In the past month, the ETF dipped 0.48% compared to a 1.40% gain in the broader markets. General Electric logged its biggest weekly gain, while CSX lagged behind.

The Industrial Select Sector SPDR Fund ETF (NYSEARCA:XLI) closed 0.26% higher last week, outperforming the broader S&P500 index, which rose 0.33%. Over the past month, however, the ETF dipped 0.48% compared to a 1.40% gain in the broader markets.

General Electric (NYSE:GE) was the top gainer, with shares rising 3.25% after the U.S. approved a $1.85B F-35 sustainment deal with Poland, with GE being the prime contractor [1]. United Rentals (NYSE:URI) gained 2.84% following a Buy rating from ABI Invest, citing strong execution and easing rates [1]. C.H. Robinson Worldwide (NASDAQ:CHRW) was up 2.81% [1]. Lockheed Martin (NYSE:LMT) rose 2.11% after the Trump administration indicated it was considering equity stakes in major defense contractors [1]. Boeing (NYSE:BA) ended the week up 1.98% following a purchase plan from Korean Air for 103 fuel-efficient airplanes [1].

On a monthly basis, United Airlines (NASDAQ:UAL) and Delta Air Lines (NYSE:DAL) were the top gainers, with increases of 18.90% and 16.11%, respectively [1]. C.H. Robinson Worldwide (NASDAQ:CHRW) was up 11.60%, while Stanley Black & Decker (NYSE:SWK) and Builders FirstSource (NYSE:BLDR) gained 9.82% and 9.09%, respectively [1].

Conversely, CSX (NASDAQ:CSX) logged the biggest weekly decline, falling 5.99% after Berkshire Hathaway's BNSF railroad showed no interest in acquiring the company [1]. Lennox International (NYSE:LII) slid 5.75%, while Old Dominion Freight Line (NASDAQ:ODFL) declined 5.12% [1]. Generac (NYSE:GNRC) dropped 4.82% after Citi downgraded the stock to Neutral/High Risk from Buy/High Risk [1]. Stanley Black & Decker (NYSE:SWK) lost 4.18% [1].

On a monthly basis, TransDigm Group (NYSE:TDG) was the biggest loser, declining 13.03%, followed by Emerson Electric (NYSE:EMR) at -9.28% and Eaton (NYSE:ETN) at -9.25% [1]. Deere & Company (NYSE:DE) lost 8.72%, while CSX (NASDAQ:CSX) declined 8.53% [1].

ETFs tracking the industrial sector include XLI, VIS, XAR, EXI, PSCI, PRN, and FIDU [1].

References:
[1] https://seekingalpha.com/news/4490788-top-industrial-gainers-and-losers-general-electric-logs-biggest-weekly-gain-while-csx-lags