Industrial Stocks And ETF (XLI) Buck Market Selloff As Earnings Deliver Blowout Results
Industrial stocks defied a broadly falling market on Thursday, with several major names posting sharp gains driven by stronger-than-expected quarterly earnings results. The State Street Industrial Select Sector SPDR ETF (XLI) surged 1.73% on the session, clawing its way back into a buy zone as investors responded enthusiastically to a wave of earnings beats across…