🔴 State Street Industrial Select Sector SPDR ETF is trading 3.1% down today on sticky inflation and rising rate-cut doubts

State Street Industrial Select Sector SPDR ETF is trading 3.1% down today as higher-than-expected inflation and rising rate-cut doubts pressure cyclicals and economically sensitive sectors.

• Surging energy-driven CPI and renewed Middle East tensions are feeding concerns about input costs, margins, and future Fed policy.
• Industrials are underperforming broader indices as investors rotate away from risk and rate-sensitive areas in a broad risk-off session alongside the S&P 500, Nasdaq, and Dow.