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Today's charts: Dow Chemical, General Electric, Caterpillar in focus after White House meeting

Yahoo Finance is tracking Dow Chemical, General Electric and other stocks in the industrial and materials sectors after President Donald Trump met with some of the industry’s business leaders at the White House this week.

Trump told the executives that he wants to bring back manufacturing and create high-wage jobs, following through on one of his big campaign promises. The meeting involved chief executives from 24 companies, including Dow Chemical (DOW), General Electric (GE), United Technologies (UTX), and Caterpillar (CAT).

Many stocks of the companies that Trump met with are under pressure for the second day in a row, dragged down by reports that an infrastructure spending plan could be delayed.

Despite the drop this week, investors have favored many materials and industrial-based names since the November 8th election. The Industrials Select Sector SPDR ETF (XLI) is up 13% and the Materials Select Sector SPDR ETF (XLB) is up nearly 11%.

Following the meeting, Dow Chemical Chairman and CEO Andrew Liveris said in a press conference that the CEOs who met at the White House were “very encouraged by the pro-business policies of President Trump and his Cabinet.” He also said “this is the most pro-business administration since the Founding Fathers.” Dow Chemical’s stock has been climbing since Trump took office. Shares are up nearly 18%.

For more on Trump’s policies and how they’re affecting the market, check out the Final Round, live at 4 p.m. EST, right here on Yahoo Finance.

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