Shares of 3M Co. MMM powered up 8.6% in midday trading Friday, toward their best one-day performance in three years, as part of a unanimous rally in the S&P 500’s SPX industrials sector. The Industrial Select Sector SPDR exchange-traded fund XLI climbed 2.6%, with all 77 equity components gaining ground. The sector’s second-biggest gainer was Caterpillar Inc.’s stock CAT, which shot up 7.3% toward the best day since it climbed 7.7% on Oct. 27, 2022.
The Industrial Select Sector SPDR exchange-traded fund XLI climbed 2.6%, with all 77 equity components gaining ground. The sector’s second-biggest gainer was Caterpillar Inc.’s stock CAT , which shot up 7.3% toward the best day since it climbed 7.7% on Oct. 27, 2022. 3M shares were having their best day since their record 12.6% rally on March 24, 2020. The stocks were also the best performers in the Dow Jones Industrial Average DJIA , which powered up 606 points, or 1.