Industrial stocks brace for Fed week: XLI slips as Boeing, Caterpillar earnings loom
The S&P 500 industrials sector fell 0.8% Friday, with the XLI ETF down 0.77%. Caterpillar dropped 3.36% to $626.62, while Boeing edged up 0.29% to $252.15 ahead of its earnings report. The Dow lost 0.58%, pressured by a sharp decline in Intel shares. Investors await the Federal Reserve’s rate decision next week.