Industrial Growth | Third Quarter 2018
November 2018 – During the third quarter, equity capital market returns for SCA’s Industrial Sector Universe was up 4.0%, with an average increase of 3.8%. The Q3 index performance only slightly lagged behind the S&P (+4.5%) and the NASDAQ Composite (+4.1%). The SCA Industrial Index growth was driven by meaningful gains in the (i) Precision Machine Products, Tooling and Stamping Sector (+10.0%) and (ii) Analytical and Instrumentation and Testing Equipment (+8.1%). Strong corporate earnings were able to counterbalance continued concerns with respect to trade tariff exchanges and uncertainty in the broader markets.
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