General Electric leads advance in industrial stocks as markets rally 2nd day
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General Electric (NYSE:GE) on Tuesday led gains among large-cap industrial stocks with a 5.4% gain by 12:14 p.m. ET, as U.S. equity markets rallied for a second day.
Worries that companies canât find workers eased somewhat after the JOLTs report for August showed 10.053 million job openings, compared with the estimate for 10.755 million. A softer job market combined with lower inflation might give the Federal Reserve a reason to be less aggressive about rate hikes.
The Industrial Select Sector SPDR ETF (NYSEARCA:XLI), whose holdings include big-cap industrial stocks, gained about 3.1% by mid-day Tuesday. If the gain holds through the close, it will be biggest advance since July 19.






Industrial Select Sector SPDR Fund -Top Holdings


Company (Ticker)
% change, 12:14 p.m. ET


Boeing (NYSE:BA)
5.2%


Caterpillar (NYSE:CAT)
4.3%


Deere & Co. (NYSE:DE)
3.2%


General Electric (GE)
5.4%


Honeywell International (NASDAQ:HON)
2.6%


Lockheed Martin (NYSE:LMT)
0.9%


Northrop Grumman (NYSE:NOC)
1.1%


Raytheon Technologies (NYSE:RTX)
3.1%


Union Pacific Corp. (NYSE:UNP)
2.7%


United Parcel Service (NYSE:UPS)
3.1%