During trading today, the S&P 500 dropped 1.6%, and the Capital Goods sector (XLI) showed little change.
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 down 3% over the last thirty trading days while the S&P 500 was down 0.9%.
RADA Electronic Ind. (RADA) was a major gainer in the sector, rising 14.4% (+16 cents) to close at $1.27 with 9,339 shares moving. The stock traded in a range of $1.05 to $1.27.
Terex Corporation (TEX) was a major loser in the sector. Its price dropped 7.8% (-$1.36) to close at $16.12, as 5.2 million shares moved. The stock traded in a range of $15.67 to $16.91. The stock has been on a downward trajectory over the last two months, dipping $7.23 (-31%) from a price of $23.35 on April 26, 2012.
Cemex SAB de CV (CX) rose 7.2% to close at $6.12, cross its 50-day moving average of $5.72 and 200-day moving average of $6.34. REGAL-BELOIT CORPORATION (RBC) declined 3.5% to close at $60.33, moving below its 50-day moving average of $61.36 and 200-day moving average of $60.92.
Ducommun Incorporated (DCO) rose 11.7% to close at $8.86, approaching its 50-day moving average of $8.88. It has also moved closer to its 200-day moving average of $11.72.
Joy Global (JOY) hit a new 52-week low today, hitting $52 to fall below the previous low of $53.25.