Additionally, Federal budget cuts are beginning to make an impact on aerospace and defense stocks, a sub-sector of industrials, with Lockheed Martin Corp. (NYSE: LMT) revealing a 14% drop in fourth-quarter profits. The aerospace industry accounts for 17.7% of IYJ’s holdings. [Aerospace ETFs Grounded as Budget Cuts Take a Toll]
iShares Dow Jones US Industrial Sector Index Fund
For more information on the industrials sector, visit our industrials category.
Max Chen contributed to this article.
Full disclosure: Tom Lydon’s clients own shares of SPY.