JD Logistics shares… underwater
JD Logistics shares… underwater

SEEKING ALPHA reports:

An indicator of movements for industrial stocks on Tuesday fell the most since June 11, 2020, after a report showed inflation was higher than estimated.

The Industrial Select Sector SPDR ETF (NYSEARCA:NYSEARCA:XLI), whose holdings consist of large-cap industrial companies, fell 3.8% to $92.22 a share in regular trading. The closing price was the lowest since Sept. 2.

Among the ETF’s top holdings…

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Now read: “Dow tanks nearly 1,300 points, S&P, Nasdaq plunge after hot inflation data“.

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