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Thursday Sector Leaders: Technology & Communications, Industrial


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In afternoon trading on Thursday, Technology & Communications stocks are the best performing sector, higher by 2.0%. Within that group, Arista Networks Inc (Symbol: ANET) and Broadcom Inc (Symbol: AVGO) are two of the day's stand-outs, showing a gain of 5.9% and 5.0%, respectively. Among technology ETFs , one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is up 2.2% on the day, and up 7.69% year-to-date. Arista Networks Inc, meanwhile, is up 3.15% year-to-date, and Broadcom Inc , is down 6.20% year-to-date. Combined, ANET and AVGO make up approximately 2.4% of the underlying holdings of XLK.

The next best performing sector is the Industrial sector, higher by 1.5%. Among large Industrial stocks, Stanley Black & Decker Inc (Symbol: SWK) and Flowserve Corp (Symbol: FLS) are the most notable, showing a gain of 3.6% and 3.6%, respectively. One ETF closely tracking Industrial stocks is the Industrial Select Sector SPDR ETF ( XLI ), which is up 1.3% in midday trading, and down 3.54% on a year-to-date basis. Stanley Black & Decker Inc, meanwhile, is down 22.55% year-to-date, and Flowserve Corp is up 18.02% year-to-date. Combined, SWK and FLS make up approximately 1.2% of the underlying holdings of XLI.

Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:

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Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Thursday. As you can see, six sectors are up on the day, while three sectors are down.

Sector % Change
Technology & Communications +2.0%
Industrial +1.5%
Energy +1.5%
Materials +1.3%
Healthcare +1.0%
Consumer Products +0.1%
Financial -0.1%
Services -0.4%
Utilities -1.2%

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Investing Ideas
Referenced Symbols: XLI , ANET , AVGO , XLK , SWK



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