RTX - Boeing leads weekly gains in industrial stocks as markets end losing streaks
Boeing ( NYSE: BA ) this week had the biggest gain among large-cap industrial stocks as U.S. stock markets reversed upward after several weeks of losses.
The Industrial Select Sector SPDR ETF ( XLI ), whose holdings include the largest companies in the manufacturing sector, advanced by 3.2% to a closing year-to-date high.
The Standard & Poor’s 500 stock index ( SP500 ) rose 1.6% for the week to break a three-week losing streak, while the Dow Jones Industrial Average ( DJI ) advanced 1.2% to end a four-week downward slide.
Boeing’s ( BA ) 7.9% gain came during a week when airlines including Lufthansa and Luxair ordered new planes from the aircraft maker, and a news reported indicated India's IndiGo was negotiating a record-setting order for planes.
Caterpillar ( NYSE: CAT ) rose 7.5% for the week. The company said it had reached a tentative labor agreement with the United Auto Workers, helping to avert a strike at a time when many companies are having difficulties finding workers.
Union Pacific ( NYSE: UNP ) gained 7.3% for the week. The railroad operator announced its CEO was stepping down. An activist investor had pressured the company to change direction.
Next week will bring more news about industrial companies as firms such as Evercore ISI host investor conferences.
| Company (Ticker) |
| 5-day change, March 3 |
| Boeing ( BA ) |
| 7.9% |
| Caterpillar ( CAT ) |
| 7.5% |
| Deere ( DE ) |
| 3.0% |
| General Electric ( GE ) |
| 3.3% |
| Honeywell International ( HON ) |
| 2.4% |
| Industrial Select Sector SPDR ETF ( XLI ) |
| 3.2% |
| Lockheed Martin ( LMT ) |
| -0.5% |
| Northrop Grumman ( NOC ) |
| -0.8% |
| Raytheon Technologies ( RTX ) |
| -0.6% |
| Union Pacific ( UNP ) |
| 7.3% |
| United Parcel Service ( UPS ) |
| 2.9% |
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Boeing leads weekly gains in industrial stocks as markets end losing streaks