Automatic Data Processing leads weekly gains among big-cap industrials
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Automatic Data Processing (NASDAQ:ADP) this week rose 4.9% for the biggest gain among big-cap industrial stocks. The Industrial Select Sector SPDR ETF (NYSEARCA:XLI), whose holdings include some of the largest U.S. companies in the sector, advanced 2.3% for the week.

The gains came as markets worldwide got a lift from data showing that the pace of inflation had slowed. Lower inflation would give the Federal Reserve a major reason to pause its aggressive interest-rate hikes.
The Standard & Poorâs 500 stock index (SP500) on Friday traded around the highest close since April 2022. The Dow Industrials Average (DJI) rose 2.3% and the Nasdaq Composite (COMP.IND) gained 3.3% -- the best week since March.









Company (Ticker)
Weekly change, July 14


Automatic Data Processing (ADP)
4.9%


Boeing (NYSE:BA)
0.5%


Caterpillar (NYSE:CAT)
4.3%


Deere (NYSE:DE)
2.3%


General Electric (NYSE:GE)
1.9%


Honeywell International (NASDAQ:HON)
1.4%


Industrial Select Sector SPDR ETF (XLI)
2.3%


Lockheed Martin (NYSE:LMT)
1.2%


Raytheon Technologies (NYSE:RTX)
-1.3%


Union Pacific (NYSE:UNP)
4.0%


United Parcel Service (NYSE:UPS)
3.1%



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