Streetbeat News

XLI

Industrial Select Sector SPDR Fund

https://www.ssga.com/us/en/intermediary/etfs/funds/the-industrial-select-sector-spdr-fund-xli

Industry

Asset Management

Under normal market conditions, the fund generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes securities of companies from the following industries: aerospace and defense; industrial conglomerates; marine; transportation infrastructure; machinery; road and rail; air freight and logistics; commercial services and supplies; etc. It is non-diversified.

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Wall Street's momentum slowed on Friday after a strong Thursday rally. Major indices were mostly flat, with the S&P 500 slightly up. Palantir hit a 3-year high due to a partnership with Microsoft. Bonds rallied, and the dollar weakened. Key stock movers included Eli Lilly, Cisco, and several others reacting to earnings reports.

Portfolio Pulse from Piero Cingari

August 09, 2024 | 5:13 pm

Wall Street opened higher on Monday, driven by optimism ahead of major tech earnings and the Federal Reserve's meeting. Tesla rebounded 5% after a bullish note from Morgan Stanley, while oil prices dropped to 7-week lows. Key economic data and earnings reports from major companies like Microsoft, Apple, Meta, and Amazon are expected this week.

Portfolio Pulse from Piero Cingari

July 29, 2024 | 5:31 pm

Wall Street experienced a late-week rally driven by positive inflation data and strong corporate earnings. The Dow Jones surged 1.9%, marking its best session of 2024, while the Nasdaq 100 and Russell 2000 also posted gains. Investors are confident in a Fed rate cut in September. Key movers included 3M, Aon, Avantor, and Newell Brands.

Portfolio Pulse from Piero Cingari

July 26, 2024 | 5:51 pm

Wall Street rebounded strongly on Thursday, driven by better-than-expected economic growth and cooling inflation. Major indices and sectors posted gains, with small caps and long-term Treasury bonds performing particularly well. Gold and Bitcoin fell, while oil prices rose.

Portfolio Pulse from Piero Cingari

July 25, 2024 | 5:00 pm

Market strategist Jay Woods predicts that financials and healthcare sectors could benefit if Trump wins the 2024 election, while industrials and semiconductor sectors could benefit if Biden wins. ETFs like XLF, XLV, XLI, and SMH are highlighted as potential winners.

Portfolio Pulse from Chris Katje

July 19, 2024 | 7:28 pm

The Nasdaq 100 experienced its worst day in 11 months, driven by a broad selloff in semiconductor stocks following news of the Biden administration's accelerated export restrictions to China. Major chipmakers like ASML Holding and Nvidia saw significant declines, impacting related ETFs and indices. The S&P 500 and Russell 2000 also fell, while the Dow Jones rose. Other notable stock movements included significant drops in AMD, TSM, ARM, and SCHW, while JNJ rallied on strong earnings.

Portfolio Pulse from Piero Cingari

July 17, 2024 | 6:27 pm

The Dow Jones Industrial Average and gold hit all-time highs as investors anticipate a September rate cut by the Federal Reserve. Small caps, tracked by the iShares Russell 2000 ETF (IWM), outperformed tech stocks. Key movers include Bank of America (BAC), UnitedHealth Group (UNH), and Boeing (BA).

Portfolio Pulse from Piero Cingari

July 16, 2024 | 5:20 pm

The S&P 500 and Nasdaq 100 indices dipped from record highs due to profit-taking in chipmaker stocks and rising Treasury yields. The iShares Semiconductor ETF (SOXX) fell 2.4%, while the Energy Select Sector SPDR Fund (XLE) rose 1.8% amid surging oil prices. Long-dated Treasury yields increased, impacting the iShares 20+ Year Treasury Bond ETF (TLT), which fell 0.9%. Gold prices rose, tracked by the SPDR Gold Trust (GLD). Nvidia, Qualcomm, Micron, and Wolfspeed saw declines, while AMD surged nearly 4% due to a new partnership. Gilead Sciences soared over 8% following positive trial results for an HIV prevention injection.

Portfolio Pulse from Piero Cingari

June 20, 2024 | 5:41 pm

The Nasdaq 100 and S&P 500 closed at record highs, driven by gains in tech stocks. The Nasdaq 100 rose 0.6% to 19,576 points, while the S&P 500 increased 0.2% to 5,433 points. Treasury Secretary Janet Yellen's optimistic comments on disinflation and a strong job market boosted investor confidence. The market is pricing in a high probability of rate cuts by the end of the year. Technology and real estate sectors led the gains, while energy and communication services lagged.

Portfolio Pulse from Piero Cingari

June 13, 2024 | 8:35 pm

Wall Street experienced a cautious session ahead of the Federal Reserve meeting minutes and Nvidia's earnings announcement. The Nasdaq 100 slightly outperformed, while small caps and major indices saw declines. Solar and clean energy stocks surged due to trade tariff modifications, with First Solar hitting record highs. Metals fell, natural gas rallied, and oil prices eased. Key stock movers included Tesla, TJX Companies, and several others reacting to earnings reports.

Portfolio Pulse from Piero Cingari

May 22, 2024 | 5:02 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.