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XLI - Kanzhun swaps loser tag for top industrial gainer in FY22 best week; Microvast #1 decliner

SPDR Select Sector Fund - Industrial
The week ending March 18 was the best week so far in 2022 for industrial stocks (market cap of over $2B) as the top five gainers each amassed more +36% while the top 10 all grew by +20%. Stocks ended the March 16 session with notable gains, surviving a midday swoon following the Federal Reserve's first interest rate hike since 2018. The SPDR S&P 500 Trust ETF (SPY) +5.80% was in the green after seeing red for two consecutive weeks. YTD the ETF is -6.41%. The Industrial Select Sector SPDR (XLI) +5.00% was also back in the green. YTD -2.81%. The top five gainers in the industrial sector (stocks with a market cap of over $2B) all gained more than +36% but March 16 seemed to be the lucky day for most. Kanzhun (NASDAQ:BZ) +51.77%. The Chinese online recruitment platform went from being the top decliner a week ago to take the #1 gainer tag. The company gained the most on March 16 (+37.80%).

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Kanzhun swaps loser tag for top industrial gainer in FY22 best week; Microvast #1 decliner
Stock Information
Company Name: SPDR Select Sector Fund - Industrial
Stock Symbol: XLI
Market: NYSE
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