TL;DR
The Industrials sector (XLI) is up 24.7% YTD. Active narrative: ISM 49.2, sixth month: XLI lags SPY 400bps, decoded. Top holdings include GE, RTX, CAT.
XLI · last 30 days
Top holdings · click for live
Active narratives · Defense
- ISM 49.2, sixth month: XLI lags SPY 400bps, decoded
US manufacturing ISM printed 49.2 in May 2026, a sixth straight contraction month, with XLI underperforming SPY by 400 basis points year-to-date on Iran-shock logistics costs. Ceasefire catalyst, CAT, BA, HON order trends, and H2 capex outlook tracked live.
Jun 16 · 5 events · -20 sent - ISM 49.2: XLI lags SPY 400 bps, BA & CAT cut, decoded
US manufacturing ISM fell to 49.2 in May 2026, signaling contraction as Iran supply-chain shocks and softening orders hit XLI hard. BA and CAT face fresh downgrades, with Goldman flagging a potential peak in the historic capex boom.
Jun 15 · 0 events · -35 sent
People also ask
What is the Industrials sector?
Aerospace, defense, machinery, transports. Cyclical and defense exposure in equal measure.
Is the Industrials sector up or down today?
XLI is down 1.59% today at $181.20.
What are the biggest stocks in the Industrials sector?
The top holdings in XLI are GE Aerospace (GE), RTX (RTX), Caterpillar (CAT), Honeywell (HON), Union Pacific (UNP).
What's the next catalyst for the Industrials sector?
The most active narrative is: US manufacturing ISM printed 49.2 in May 2026, a sixth straight contraction month, with XLI underperforming SPY by 400 basis points year-to-date on Iran-shock logistics costs. Ceasefire catalyst, CAT, BA, HON order trends, and H2 capex outlook tracked live.
Other sector outlooks