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.
Technology & Communications