Shares of companies in the broader industrials sector are experiencing a decline as investors face overall market weakness. The core of industrials, capital goods stocks, is also facing a downturn across the board. The historically high valuations in the industrial sector have made it susceptible to a correction, and this trend is a source of concern for investors who have been betting on a robust economic recovery. The decline in industrial stocks is also evident in popular mid-cap ETFs.
Meanwhile, Harvard Business School is offering a course that could be particularly beneficial for students seeking careers in consulting, corporate finance, investment banking, and hedge funds. This news is unrelated to the decline in industrial stocks and comes as a separate development.