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Friday Sector Leaders: Technology & Communications, Materials

Shutterstock photo
Shutterstock photo

Shutterstock photo

The best performing sector as of midday Friday is the Technology & Communications sector, higher by 0.8%. Within that group, Western Digital Corp (Symbol: WDC) and Akamai Technologies Inc (Symbol: AKAM) are two of the day's stand-outs, showing a gain of 4.5% and 2.8%, respectively. Among technology ETFs , one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is up 0.8% on the day, and up 17.51% year-to-date. Western Digital Corp, meanwhile, is up 39.57% year-to-date, and Akamai Technologies Inc, is down 22.90% year-to-date. Combined, WDC and AKAM make up approximately 0.7% of the underlying holdings of XLK.

The next best performing sector is the Materials sector, up 0.7%. Among large Materials stocks, Mosaic Co (Symbol: MOS) and Freeport-McMoran Copper & Gold (Symbol: FCX) are the most notable, showing a gain of 2.7% and 2.4%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF ( XLB ), which is up 0.5% in midday trading, and up 9.31% on a year-to-date basis. Mosaic Co , meanwhile, is down 20.41% year-to-date, and Freeport-McMoran Copper & Gold, is down 11.14% year-to-date. Combined, MOS and FCX make up approximately 4.0% 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:

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, five sectors are up on the day, while two sectors are down.

Sector % Change
Technology & Communications +0.8%
Materials +0.7%
Energy +0.6%
Industrial +0.5%
Consumer Products +0.4%
Utilities 0.0%
Financial 0.0%
Healthcare -0.1%
Services -0.2%

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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.


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

In This Story

XLB XLK MOS AKAM WDC

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