The Capital Goods sector (XLI) showed little movement while the S&P 500 gained 0.2% during trading today.
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Although it went in the opposite direction of the market today, the ETF tracked closer to the overall market today than over the past month. Entering today's trading, XLI was up 2.2% over the last thirty trading days while the S&P 500 was up 2.7%.
Patrick Industries (PATK) was a significant gainer in the sector, rising 9.6%. The stock closed at $14.14 with 381,479 shares moving. The stock traded in a range of $12.66 to $14.30.
Breeze-Eastern Corporation (BZC) was a major loser in the sector, falling 9.4% (-64 cents) to close at $6.15 with 3,406 shares moving. The stock traded in a range of $6.02 to $6.50.
Meritage Homes Corporation (MTH) rose 5.8% to close at $28.55, crossing its 50-day moving average of $27.74. Meanwhile, Sterling Construction Company (STRL) dropped 2.9% to close at $9.52, moving below its 200-day moving average or $10.14.
MSC Industrial Direct (MSM) rose 3.6% to close at $68.31, approaching its 50-day moving average of $70.53. It has also moved closer to its 200-day moving average of $74.16. Michael Baker Corporation (BKR) fell 3.1% to close at $23.38, moving closer to its 50-day moving average of $22.89. Also, the stock moved closer to its 200-day moving average of $22.84.