🔴 Industrial ETF (XLI) is trading 3.2% down in after-hours trading as broad selling pressured industrials

XLI is trading at $162.36 (-3.20%) as Friday’s broad risk-off selloff likely weighed on industrial shares.

• The technology-led selloff coincided with higher-rate concerns, AI-financing worries and rising oil prices.
• The S&P 500 fell 1.1%, while the Nasdaq dropped 2.1%.
• Industrial production rose 0.7% in September, but the positive data was overshadowed by the market reversal; no clear XLI-specific after-hours holding catalyst was identified.