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automatic data processing (Nasdaq: ADPThis week, it rose 4.9%, marking the largest decline among large-cap industrial stocks. Selected Industry Sector SPDR ETF (New York: XLI), whose holdings include some of the largest US companies in the sector, rose 2.3% for the week.
The gains came as markets around the world rose from data showing that the pace of inflation has slowed. Lower inflation would give the Federal Reserve a major reason to halt its aggressive rate hikes.
On Friday, the Standard & Poor’s 500 (SP500) traded near its highest close since April 2022. The Dow Industrial Average (DJI) rose 2.3% and the Nasdaq Composite Index (COMP.IND) rose 3.3% — its best week since March. .
| company (bar) | Weekly Change, July 14th |
| automatic data processing (ADP) | 4.9% |
| Boeing (New York Stock Exchange: BA) | 0.5% |
| Larva (New York Stock Exchange: CAT) | 4.3% |
| Derry (New York Stock Exchange: DE) | 2.3% |
| General Electric (New York Stock Exchange: GE) | 1.9% |
| Honeywell International (Nasdaq: Hon) | 1.4% |
| Industry Identification SPDR ETF (XLI) | 2.3% |
| Lockheed Martin (New York Stock Exchange: LMT) | 1.2% |
| Raytheon Technologies (New York Stock Exchange: RTX) | -1.3% |
| Union Pacific (New York Stock Exchange: UNP) | 4.0% |
| united parcel service (New York Stock Exchange: UPS) | 3.1% |