🟢 Industrials ETF (SHLD) is trading 3.1% up in after-hours trading amid broader risk-on tone

SHLD is trading at $63.36, up 3.09% after hours, amid a broader risk-on tone; reporting has not confirmed a specific catalyst for the move.

• The price is above the $61.46 regular-session close.
• Friday’s risk-on tone followed lower oil prices and reports of diplomatic progress on reopening the Strait of Hormuz, alongside gains in major U.S. indexes.
• Those conditions may have supported defense and industrial shares, but SHLD’s large defense-stock holdings were mixed during the regular session.