Rebound for Industrials Helps Stabilize U.S. Stocks

By Anonymous

The Dow industrials’ stability marks a shift from earlier in the year, when trade tensions helped batter manufacturers

Beaten-down shares of industrial firms are starting to bounce back, supporting major U.S. stock indexes even as sectors including technology wobble.

The S&P 500 industrials sector has risen 4.8% in the past month, making it the best-performing of the broader index’s 11 groups in that span and lifting it up 2.3% despite recent swings in the market’s best-performing sectors. It has risen in nine of the last 11 weeks and is at its highest level since February.