Looking at the sectors faring best as of midday Friday, shares of Industrial companies are outperforming other sectors, higher by 1.8%. Within the sector, Lam Research Corp (Symbol: LRCX) and Norfolk Southern Corp. (Symbol: NSC) are two of the day's stand-outs, showing a gain of 5.7% and 3.7%, respectively. Among industrial ETFs , one ETF following the sector is the Industrial Select Sector SPDR ETF (Symbol: XLI), which is up 1.8% on the day, and up 3.30% year-to-date. Lam Research Corp, meanwhile, is up 22.38% year-to-date, and Norfolk Southern Corp. is up 1.00% year-to-date. NSC makes up approximately 1.9% of the underlying holdings of XLI.
The next best performing sector is the Energy sector, higher by 1.8%. Among large Energy stocks, TechnipFMC plc (Symbol: FTI) and Range Resources Corp (Symbol: RRC) are the most notable, showing a gain of 3.7% and 3.5%, respectively. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF ( XLE ), which is up 1.7% in midday trading, and down 5.43% on a year-to-date basis. TechnipFMC plc, meanwhile, is down 1.31% year-to-date, and Range Resources Corp, is down 8.68% year-to-date. Combined, FTI and RRC make up approximately 1.5% 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:
Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Friday. As you can see, eight sectors are up on the day, while none of the sectors are down.
Technology & Communications
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.