Tuesday Sector Leaders: Industrial, Technology & Communications

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Looking at the sectors faring best as of midday Tuesday, shares of Industrial companies are outperforming other sectors, higher by 0.6%. Within that group, Expeditors International of Washington, Inc. (Symbol: EXPD) and Jacobs Engineering Group, Inc. (Symbol: JEC) are two large stocks leading the way, showing a gain of 7.8% and 7.8%, respectively. Among industrial ETFs , one ETF following the sector is the Industrial Select Sector SPDR ETF (Symbol: XLI), which is up 0.5% on the day, and down 3.03% year-to-date. Expeditors International of Washington, Inc., meanwhile, is up 6.62% year-to-date, and Jacobs Engineering Group, Inc., is down 7.05% year-to-date. Combined, EXPD and JEC make up approximately 0.9% of the underlying holdings of XLI.

The next best performing sector is the Technology & Communications sector, higher by 0.1%. Among large Technology & Communications stocks, Gartner Inc (Symbol: IT) and DXC Technology Co (Symbol: DXC) are the most notable, showing a gain of 4.2% and 1.3%, respectively. One ETF closely tracking Technology & Communications stocks is the Technology Select Sector SPDR ETF ( XLK ), which is flat on the day in midday trading, and up 6.78% on a year-to-date basis. Gartner Inc, meanwhile, is up 4.72% year-to-date, and DXC Technology Co is up 8.41% year-to-date. Combined, IT and DXC make up approximately 0.7% of the underlying holdings of XLK.

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:

Energy Stock Channel

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

Sector % Change
Industrial +0.6%
Technology & Communications +0.1%
Consumer Products -0.1%
Services -0.2%
Financial -0.2%
Materials -0.3%
Energy -0.9%
Healthcare -1.0%
Utilities -2.6%

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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
Referenced Symbols: XLK , EXPD , JEC , XLI , IT

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