The S&P 500 lost 2.5% while the Capital Goods sector (XLI) showed little movement during trading today.
The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past week. Going into trading today, XLI was down 4.1% over the last seven trading days while the S&P 500 went up -3.3%.
Lennar Corporation (LEN.B) was a major loser in the sector. Its price dropped 9.8% (-$2.11) to close at $19.46, as 78,086 shares moved. The stock traded in a range of $19.19 to $21.40. The stock has been going in a negative direction over the last month, dropping $4.13 (-17.5%) from a price of $23.59 on May 2, 2012.
THT Heat Transfer Technology (THTI) was a significant gainer in the sector, rising 8.4%. The stock closed at $1.88 with 7,356 shares moving. The stock traded in a range of $1.69 to $1.88.
Armstrong World Industries (AWI) declined 4.5% to close at $44.48, moving below its 50-day moving average of $45.76 and 200-day moving average of $46.48. Synalloy Corporation (SYNL) climbed 0.9% to close at $11.80, moving past its 200-day moving average of $11.71.
Real Goods Solar (RSOL) rose 3.8% to close at $1.35, approaching its 50-day moving average of $1.36. It has also moved closer to its 200-day moving average of $1.44. The Toro Company (MIDD) fell 3.8% to close at $71.69, moving closer to its 50-day moving average of $70.75. Also, the stock moved closer to its 200-day moving average of $95.89.
Gardner Denver (GDI) hit a new 52-week low today, hitting $51.75 to fall below the previous low of $53.85.