Worries that companies can’t find workers eased somewhat after the JOLTs report for August showed 10.053 million job openings, compared with the estimate for 10.755 million. A softer job market combined with lower inflation might give the Federal Reserve a reason to be less aggressive about rate hikes.
The Industrial Select Sector SPDR ETF (NYSEARCA:XLI), whose holdings include big-cap industrial stocks, gained about 3.1% by mid-day Tuesday. If the gain holds through the close, it will be biggest advance since July 19.
|Industrial Select Sector SPDR Fund -Top Holdings|
|Company (Ticker)||% change, 12:14 p.m. ET|
|Deere & Co. (NYSE:DE)||3.2%|
|General Electric (GE)||5.4%|
|Honeywell International (NASDAQ:HON)||2.6%|
|Lockheed Martin (NYSE:LMT)||0.9%|
|Northrop Grumman (NYSE:NOC)||1.1%|
|Raytheon Technologies (NYSE:RTX)||3.1%|
|Union Pacific Corp. (NYSE:UNP)||2.7%|
|United Parcel Service (NYSE:UPS)||3.1%|