Honeywell leads declines among big-cap industrials
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Honeywell International (NASDAQ:HON) this week fell 2% for the biggest decline among large-cap industrial stocks. Most of the loss came on Friday as stocks slipped after the Labor Department reported a slight decline in hiring in June.
Unemployment was near historic lows, while wages rose more than Wall Streetâs economists had forecast. Investors took the report as a sign that the Federal Reserve will have to continue raising interest rates in an effort to quell inflation.

The Industrial Select Sector SPDR ETF (NYSEARCA:XLI), whose holdings include some of the largest U.S. companies in the sector, fell 1% during the holiday-shortened week.
The Dow Industrials Average (DJI) had its worst week since March, while the Standard & Poorâs 500 stock index (SP500) and the Nasdaq Composite (COMP.IND) also declined.







Company (Ticker)
Weekly change, July 7


Honeywell International (HON)
-2.0%


General Electric (NYSE:GE)
-1.4%


Industrial Select Sector SPDR ETF (XLI)
-1.0%


Union Pacific (NYSE:UNP)
-0.9%


Raytheon Technologies (NYSE:RTX)
-0.6%


Automatic Data Processing (NASDAQ:ADP)
-0.5%


Lockheed Martin (NYSE:LMT)
-0.4%


Caterpillar (NYSE:CAT)
-0.4%


United Parcel Service (NYSE:UPS)
0.3%


Boeing (NYSE:BA)
0.4%


Deere (NYSE:DE)
0.9%