General Electric leads weekly gains among big-cap industrials (NYSE:GE)

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General Electric (NYSE:GE) this week rose 7.1% for the biggest decline among large-cap industrial stocks. The Industrial Select Sector SPDR ETF (NYSEARCA:XLI), whose holdings include some of the largest U.S. companies in the sector, rose 0.9% for the week.

The gain contrasted with declines for the broader market. After hitting record highs, the Standard & Poor’s 500 stock index (SP500) and the Dow Industrials Average (DJI) this week ended in negative territory after multiple readings on inflation led investors to reconsider the timing of rate moves by the Federal Reserve. The Nasdaq Composite (COMP.IND) fell 1.3% on the week.

More on Alaska Air, Boeing, etc.

The post General Electric leads weekly gains among big-cap industrials (NYSE:GE) first appeared on Investorempires.com.

 

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