Closing Bell
Industrial shares fell 2.2% and did not bounce when the 10-year yield did
On Wednesday, October 7, Caterpillar fell 5.7% and the industrial fund closed down 2.2% even after the 10-year yield fell back to 5.28%.
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11 Select Sector SPDR funds, sized by each sector’s share of the S&P 500 and colored by the day’s % change. Leaders: Health Care +1.03%. Laggards: Industrials −2.18%, Materials −1.51%, Real Estate −1.29%.