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GE's stock leads industrial sector to broad gains

The industrial sector was broadly higher in afternoon trading Friday, led via a surge in General Electric Co.'s GE, +three.13% shares, as an upbeat jobs document helped offset worries about global business. The SPDR Industrial Select Sector ETF XLI, +0.35% rose 0.5%, with 54 of 69 equity elements trading higher, as the S&P 500 SPX, +0.85% shot up 0.9%. The biggest gainer was GE's stock, which ran up three.0%, adopted via Southwest Airlines Co. shares LUV, +1.70% which rose 1.9% and Johnson Controls International PLC's stock JCI, +1.23% which tacked on 1.5%. Meanwhile, the economic ETF's (XLI) biggest loser was Allegion PLC's stock, which shed 0.9%. Over the previous 3 months, the XLI has slipped 0.7% whilst the S&P 500 has gained 6%.