ETF Explainer: XLI

The Industrial Select Sector SPDR Fund has kept up with the broader market

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Reviewed by: Heather Bell
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Edited by: Heather Bell
Industrial Select Sector SPDR Fund

Each month, we look at an ETF selected by ETF.com based on its performance and importance to investors. This month, we consider the performance of the $10.3 billion Industrial Select Sector SPDR Fund (XLI), which covers the industrials stocks in the S&P 500. All the companies mentioned below are holdings in XLI, unless otherwise noted (*).

 

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NOV 7 Caterpillar gets a post-election boost along with other bluechip stock and leads the Dow to a 2.13% gain for the trading day.

JAN 30 Boeing says it saw a sales record in 2018, crossing $100 billion in sales for the first time on commercial and military jet sales. The firm says it expects even better results in 2019

MAY 18 Adjusted sales rose for all Honeywell businesses in the first quarter, with the aerospace unit, its biggest business, seeing 10% growth.

JUN 11 The market reacts badly to United Technologies’ planned merger with Raytheon, with President Trump and others expressing concerns about reduced competition.

JUL 17 On the eve of releasing its 2Q earnings report, Union Pacific is expected to see a modest decline in revenue, largely due to a drag on exports.

OCT 18 CSX Corp.’s stock is boosted significantly after it beats its earnings expectations for the quarter by more than 6%, one quarter after a steep earnings-related decline.

Source: Bloomberg. Data for 10/31/2018 to 10/31/2019.

Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a graduate of Dartmouth college and resides in the Denver area with her two dogs.