The largest exchange-traded fund to track the industrial sector rallied on Monday, hitting an all-time high in what was set to be its biggest one-day percentage gain in more than a year. The Industrial Select Sector SPDR ETF jumped 1.9%, its biggest one-day rise since Nov. 10, 2016. The fund has been a massive gainer of late, having risen in eight of the past 10 sessions. It is up 4.5% over the past month. The industrial sector was the biggest gainer in a broad market rally, which came as investors cheered the weekend passage of the Senate version of a sweeping overhaul of the U.S. tax code. Among its most active components, 3M Co. was up 1% while Caterpillar Inc. added 1.6%. General Electric Co. rose 0.5%.
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