Tuesday Sector Leaders: Technology & Communications, Materials

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The best performing sector as of midday Tuesday is the Technology & Communications sector, up 1.7%. Within that group, Microchip Technology Inc (Symbol: MCHP) and Advanced Micro Devices, Inc. (Symbol: AMD) are two large stocks leading the way, showing a gain of 3.8% and 3.7%, respectively. Among technology ETFs , one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is up 1.9% on the day, and up 6.86% year-to-date. Microchip Technology Inc, meanwhile, is up 2.26% year-to-date, and Advanced Micro Devices, Inc. is up 1.75% year-to-date. Combined, MCHP and AMD make up approximately 0.5% of the underlying holdings of XLK.

The next best performing sector is the Materials sector, up 1.2%. Among large Materials stocks, Newell Brands Inc (Symbol: NWL) and Sherwin-Williams Co (Symbol: SHW) are the most notable, showing a gain of 4.4% and 2.4%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF ( XLB ), which is up 1.1% in midday trading, and down 1.30% on a year-to-date basis. Newell Brands Inc, meanwhile, is down 10.58% year-to-date, and Sherwin-Williams Co , is down 2.93% year-to-date. SHW makes up approximately 4.6% of the underlying holdings of XLB.

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 Tuesday. As you can see, nine sectors are up on the day, while none of the sectors are down.

Sector % Change
Technology & Communications +1.7%
Materials +1.2%
Services +1.1%
Utilities +1.0%
Healthcare +0.8%
Industrial +0.7%
Energy +0.5%
Consumer Products +0.3%
Financial +0.3%

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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: XLB , MCHP , AMD , XLK , NWL

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