Tuesday Sector Leaders: Technology & Communications, Energy

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Looking at the sectors faring best as of midday Tuesday, shares of Technology & Communications companies are outperforming other sectors, higher by 0.7%. Within that group, Qorvo Inc (Symbol: QRVO) and Applied Materials, Inc. (Symbol: AMAT) are two large stocks leading the way, showing a gain of 3.5% and 3.4%, respectively. Among technology ETFs , one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is up 0.5% on the day, and up 5.58% year-to-date. Qorvo Inc, meanwhile, is up 20.18% year-to-date, and Applied Materials, Inc. is up 11.15% year-to-date. Combined, QRVO and AMAT make up approximately 1.2% of the underlying holdings of XLK.

The next best performing sector is the Energy sector, up 0.1%. Among large Energy stocks, Noble Energy Inc (Symbol: NBL) and Marathon Oil Corp. (Symbol: MRO) are the most notable, showing a gain of 10.5% and 2.4%, respectively. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF ( XLE ), which is down 0.3% in midday trading, and down 6.02% on a year-to-date basis. Noble Energy Inc, meanwhile, is roughly flat on a year-to-date basis, and Marathon Oil Corp., is down 5.61% year-to-date. Combined, NBL and MRO make up approximately 2.2% of the underlying holdings of XLE.

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:

Metals 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
Technology & Communications +0.7%
Energy +0.1%
Financial -0.4%
Industrial -0.5%
Materials -0.5%
Healthcare -0.6%
Services -0.9%
Consumer Products -1.0%
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
Referenced Symbols: XLE , QRVO , AMAT , XLK , NBL

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