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.

Open

139.37

Mkt cap

21B

Volume

6.6M

High

140.21

P/E Ratio

29.88

52-wk high

143.72

Low

138.76

Div yield

0.01

52-wk low

105.06

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

US stocks are on track for a fourth consecutive session of gains despite hawkish comments from Fed's Kashkari, with the S&P 500, Nasdaq 100, and Dow Jones all seeing modest increases. Treasury yields fell, boosting bond ETFs like TLT. Palantir and Disney shares tumbled following disappointing guidance and performance, respectively. Other notable stock movements were influenced by earnings reports and rumors of partnerships.

Portfolio Pulse from Piero Cingari

May 07, 2024 | 5:18 pm

In a surprising turn of events for 2024, the utilities sector has outperformed the tech sector in the S&P 500, with an 8% increase compared to tech's 2.6% rise. This shift is highlighted by the performance of 10 utility stocks, including NRG Energy, NextEra Energy, and others, which have shown significant gains. The Utilities Select Sector SPDR Fund (XLU) and other sector ETFs like the Technology Select Sector SPDR Fund (XLK) have seen varied performances, reflecting broader market trends and investor sentiment towards defensive stocks amid economic uncertainty.

Portfolio Pulse from Piero Cingari

May 02, 2024 | 8:21 pm

April saw a downturn in major US stock indices with the S&P 500, Nasdaq 100, and Dow Jones all reporting declines. Utilities and miners were the bright spots, with specific ETFs and companies like NextEra Energy and Newmont Corp showing gains. The market faced challenges from inflation surprises and geopolitical tensions, impacting sector performances variably. The utilities sector led with a 2.1% increase, while real estate lagged due to interest rate sensitivity.

Portfolio Pulse from Piero Cingari

April 30, 2024 | 8:39 pm

Treasury yields rise, impacting the iShares 20+ Year Treasury Bond ETF (TLT) negatively. Tesla Inc. (TSLA) shares jump 10% on the promise of cheaper models. The Japanese yen hits a 34-year low, affecting currency markets. The S&P 500 and Dow Jones see declines, while specific stocks and ETFs like the iShares Russell 2000 ETF (IWM) and SPDR S&P 500 ETF Trust (SPY) also fall. Texas Instruments Inc. (TXN) and other companies react to earnings reports, influencing their stock prices.

Portfolio Pulse from Piero Cingari

April 24, 2024 | 5:40 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.