X
<

The S&P 500 Index in November 2017: What You Should Know

PART:
1 2 3 4 5 6 7 8 9 10
Part 9
The S&P 500 Index in November 2017: What You Should Know PART 9 OF 10

The Boost to the Industrial Sector in November 2017

Industrial sector in November

In November 2017, the Industrial Select Sector SPDR ETF (XLI), which tracks the performance of the industrial sector, rose 4.2%. On a year-to-date basis, it has returned 21.4% as of November 30, 2017.

The Boost to the Industrial Sector in November 2017

Interested in BA? Don't miss the next report.

Receive e-mail alerts for new research on BA

Success! You are now receiving e-mail alerts for new research. A temporary password for your new Market Realist account has been sent to your e-mail address.

Success! has been added to your Ticker Alerts.

Success! has been added to your Ticker Alerts. Subscriptions can be managed in your user profile.

Currently, the industrial sector is in the limelight. Many market participants expect an infrastructure bill in the near future, which could boost the overall performance of the industrial sector. In his election campaign, President Donald Trump said he would focus on infrastructure spending.

The industrial sector is a growth-driven sector. When there’s economic growth, the demand for high-quality infrastructure also increases. Higher infrastructure spending also increases the demand for various industrial products. In the present environment, the United States (SPX-INDEX) (SPY) is showing strong economic growth.

Major holdings of the industrial sector

General Electric (GE), Boeing (BA), 3M (MMM), and Honeywell International (HON), which are major holdings of XLI, returned -9.2%, 7.8%, 6.1%, and 8.7%, respectively, in November 2017.

In the next part of this series, we’ll analyze the performance of the energy sector.

X

Please select a profession that best describes you: