The largest exchange-traded fund to track the industrial sector rallied on Tuesday, advancing to a record in the wake of better-than-expected results from a pair of major components. The Industrial Select Sector SPDR ETF rose 0.9% and hit an all-time high in early trading. Thus far this year, the fund is up nearly 18%. The fund was boosted by Caterpillar , which jumped 5.8% in the wake of results that topped forecasts. The heavy-machinery maker also raised its outlook. The Dow component is one of the latest components of the fund, comprising 3.5% of the portfolio. Separately, 3M Co. jumped 6.2% in the wake of its own results, putting it on track for its biggest one-day percentage gain since July 2009. The stock is the ETF’s third-largest component, accounting for 5.7% of the holdings.
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