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Monday Sector Leaders: Technology & Communications, Materials

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.

Sector % Change
Technology & Communications +0.6%
Materials +0.6%
Energy +0.6%
Healthcare +0.5%
Industrial +0.4%
Financial +0.3%
Services -0.1%
Consumer Products -0.2%
Utilities -0.8%

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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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XLB XLK GT IPGP WDC

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