Industrial stocks end week with 3.4% gain as market breaks losing streak

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An indicator of movements for industrial stocks closed with a weekly gain as market indexes broke a three-week losing streak.

The Industrial Select Sector SPDR ETF (NYSEARCA:XLI), whose holdings consist of large-cap industrial companies, climbed 3.4% from a week earlier to end at $95.29 on Friday. The closing price was the highest since Aug. 26.

Caterpillar (CAT) had the biggest weekly gain among the top holdings for the industrial ETF. The maker of earth-moving equipment rose 4.8% to $189.49 a share. Caterpillar on Thursday reached a settlement with the Internal Revenue Service to resolve a tax dispute without any penalties, according to a public filing.

Industrial Select Sector SPDR Fund -Top Holdings Company (Ticker) Closing price – Sept. 9 % weekly change United Parcel Service (UPS) $198.69 1.35% Union Pacific Corp. (UNP) $231.88 3.55% Raytheon Technologies (RTX) $88.04 0.51% Honeywell International (HON) $191.70 2.57% Deere & Co. (DE) $372.25 2.77% Lockheed Martin (LMT) $421.53 0.71% Caterpillar (CAT) $189.49 4.79% Boeing (BA) $157.52 3.26% General Electric (GE) $74.04 2.22% Northrop Grumman (NOC) $491.41 3.03%