In afternoon trading on Monday, Technology & Communications stocks are the best performing sector, higher by 0.6%. Within that group, IPG Photonics Corp (Symbol: IPGP) and Western Digital Corp (Symbol: WDC) are two large stocks leading the way, showing a gain of 3.4% and 3.3%, respectively. Among technology ETFs , one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is up 0.7% on the day, and up 14.75% year-to-date. IPG Photonics Corp, meanwhile, is up 42.80% year-to-date, and Western Digital Corp is up 38.34% year-to-date. Combined, IPGP and WDC make up approximately 0.4% of the underlying holdings of XLK.
The next best performing sector is the Materials sector, higher by 0.6%. Among large Materials stocks, Goodyear Tire & Rubber Co. (Symbol: GT) and Albemarle Corp. (Symbol: ALB) are the most notable, showing a gain of 4.4% and 2.5%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF ( XLB ), which is up 0.7% in midday trading, and up 11.16% on a year-to-date basis. Goodyear Tire & Rubber Co., meanwhile, is down 0.27% year-to-date, and Albemarle Corp. is up 18.61% year-to-date. ALB makes up approximately 1.5% 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 Monday. As you can see, six sectors are up on the day, while three sectors are down.
Technology & Communications