Industrial stocks brace for a big week after XLI slips; ISM, jobs data in play
Industrial stocks fell as the Industrial Select Sector SPDR Fund closed Jan 30 down 0.25% at $165.44. Uncertainty over Donald Trump’s nomination of Kevin Warsh as Fed chair fueled rate cut bets and pressured markets. Caterpillar dropped 1.1%, Boeing slipped 0.1%, and Honeywell rose 0.2%. Investors await key factory and payrolls data next week.