JOBY - Kanzhun makes 2 in a row as #1 industrial gainer while shipping stocks lead losers' pack

Beijing-based Kanzhun took the spot again among industrial gainers this week, while shipping stock led the decliners list. For the week ending June 10, The SPDR S&P 500 Trust ETF (SPY) was back in red (-5.05%) after two rare weeks of gains, which had followed a 7-week losing streak. YTD, the ETF is -17.93%. The Industrial Select Sector SPDR (XLI) also lost (-4.93%), after seeing two weeks of gain. YTD, XLI is -14.15%. The top five gainers in the industrial sector (stocks with a market cap of over $2B) had modest gains and none touched double digits this week. Moreover, YTD, three out of five of these stocks are in the red. Kanzhun (NASDAQ:BZ) +8.85% gained at the start of the week (June 6 +19.93%) following a report that Chinese regulators were preparing to allow app from the company and Full Truck Alliance back on the app stores. But the stock pared of gains after a

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Kanzhun makes 2 in a row as #1 industrial gainer, while shipping stocks lead losers' pack