Founded in 1912, Illinois Tool Works has become a diversified industrial manufacturer through acquisitions and innovations that follow customer needs. ITW operates through seven business segments, with no segment representing more than one fifth of revenue. ITW’s automotive OEM segment sells vehicle components; its food equipment segment sells commercial kitchen appliances; its test & measurement and electronics segment sells inspection and analysis equipment; its welding segment sells welding equipment and consumables; its polymers & fluids segment sells industrial and consumer adhesives, solvents, and coatings; its construction products segment sells building fasteners and tools; and its specialty products segment sells medical, packaging, HVAC, and airport ground equipment.

Founded in 1912, Illinois Tool Works is a global manufacturer of engineered industrial products and equipment. The company's operations are divided into seven segments: Test & Measurement and Electronics, Automotive OEM, Polymers & Fluids, Food Equipment, Welding, Construction Products, and Specialty Products. The shares are a component of the S&P 500. Based in Glenview, IL, the company has 45,000 employees.

If you didn't sense some panic on Tuesday, your face wasn't buried in a computer screen during the afternoon. As such, you didn't notice margin calls, a hedge fund(s) blowing up, some major dislocation in the financial community, etc. Still, after the indices gave up large gains -- with the S&P 500 (SPX) at one point up a whopping 4% -- the index filled its opening gap and tried to rally. After almost reaching 5,100 at 2:35, the index fell hard, dropping to near 4,900 by 3:50. When all was said and done, the SPX was off 1.6%, the Nasdaq and Nasdaq 100 (QQQ) fell 2%, the S&P 400 gave up 2.2%, and the S&P 600 dropped 3%. Since its 11/25/2024 closing top, the small-cap index has crashed over 28%. Will small caps ever be in favor? Their relative strength versus the SPX has been consistently lower for the past four years. The SPX has fallen to another cluster of support. But so far, every support level since the decline started has been obliterated. The index's recent low was a 50% retracement of the bull market off the October 2022 bottom. In less than eight weeks, the index has given back half of the gains that took over two years to accomplish. NYSE breadth was +2,600 early on, but finished at -1,800. NYSE up volume/total volume was only 17%. The VIX closed at a new high for this correction, at 52%, and remains outside its upper Bollinger Band (BB). The SPX remains below its lower BB, so a price reversal could be bullish. The NYSE McClellan Oscillator is very oversold near -100. That all said, long-term breadth (issues above their 200-day) remains in danger territory, as does the percentage of NYSE stocks at new lows.

Founded in 1912, Illinois Tool Works has become a diversified industrial manufacturer through acquisitions and innovations that follow customer needs. ITW operates through seven business segments, with no segment representing more than one fifth of revenue. ITW’s automotive OEM segment sells vehicle components; its food equipment segment sells commercial kitchen appliances; its test & measurement and electronics segment sells inspection and analysis equipment; its welding segment sells welding equipment and consumables; its polymers & fluids segment sells industrial and consumer adhesives, solvents, and coatings; its construction products segment sells building fasteners and tools; and its specialty products segment sells medical, packaging, HVAC, and airport ground equipment.