Technology and Utilities Stocks Lead U.S Stocks Higher - U.S Daily Sector Wrap

U.S. stocks rose by 0.8% today fueled by a 1.4% increase in technology stocks and a 1.3% increase in utilities stocks. Technology stocks are currently up 21.9% year-to-date, and up 39.9% over the past 12 months. Utilities stocks are currently up 11.0% year-to-date, and up 17.2% over the past 12 months. Meanwhile, the S&P 500 Index is currently up 18.4% year-to-date, and up 31.9% over the past 12 months. The Dow Jones Industrial Average is currently up 15.3% year-to-date, and up 28.2% over the past 12 months.

Sector Performance

  • The S&P 500 Index rose with a 0.8% gain.
  • Technology stocks rose the most with a 1.4% gain.
  • Health Care stocks stayed level.
  • Others sectors that gained include Utilities, Telecom and Consumer Discretionary, which rose by an average of 1.2%.
  • No sectors declined today.

Relative Sector Performance

  • Relative to the S&P 500 Index, Technology sector stocks outperformed the most by +0.6%. Utilities sector stocks were the next best performers with a relative outperformance of +0.5%.
  • Additional sectors that outperformed the S&P 500 Index included Telecom and Consumer Discretionary by an average of +0.3%.
  • Relative to the S&P 500 Index, Health Care sector stocks underperformed the most by -0.8%. Industrials sector stocks were the next worst performers with a relative underperformance of -0.8%.
  • Additional sectors that underperformed the S&P 500 Index included Materials, Consumer Staples and Energy by an average of -0.6%.

This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen 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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