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Monday Sector Leaders: Technology & Communications, Industrial

The best performing sector as of midday Monday is the Technology & Communications sector, higher by 0.8%. Within the sector, NVIDIA Corp (Symbol: NVDA) and Adobe Inc (Symbol: ADBE) are two large stocks leading the way, showing a gain of 3.8% and 3.1%, respectively. Among technology ETFs , one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is up 1.6% on the day, and up 9.24% year-to-date. NVIDIA Corp, meanwhile, is up 12.50% year-to-date, and Adobe Inc is up 12.77% year-to-date. Combined, NVDA and ADBE make up approximately 4.7% of the underlying holdings of XLK.

The next best performing sector is the Industrial sector, up 0.7%. Among large Industrial stocks, Raytheon Co. (Symbol: RTN) and Intuit Inc (Symbol: INTU) are the most notable, showing a gain of 4.7% and 3.4%, respectively. One ETF closely tracking Industrial stocks is the Industrial Select Sector SPDR ETF ( XLI ), which is up 0.9% in midday trading, and up 12.61% on a year-to-date basis. Raytheon Co., meanwhile, is up 13.88% year-to-date, and Intuit Inc is up 12.89% year-to-date. RTN makes up approximately 2.2% of the underlying holdings of XLI.

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 Monday. As you can see, six sectors are up on the day, while two sectors are down.

Sector % Change
Technology & Communications +0.8%
Industrial +0.7%
Services +0.6%
Consumer Products +0.5%
Financial +0.3%
Energy +0.3%
Materials 0.0%
Utilities -0.2%
Healthcare -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.

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XLI XLK NVDA ADBE RTN

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