Looking at the sectors faring best as of midday Thursday, shares of Technology & Communications companies are outperforming other sectors, up 2.8%. Within that group, Advanced Micro Devices Inc (Symbol: AMD) and KLA Corp (Symbol: KLAC) are two of the day's stand-outs, showing a gain of 7.3% and 7.0%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is up 3.6% on the day, and up 17.23% year-to-date. Advanced Micro Devices Inc, meanwhile, is up 7.95% year-to-date, and KLA Corp is up 35.29% year-to-date. Combined, AMD and KLAC make up approximately 3.7% of the underlying holdings of XLK.
The next best performing sector is the Materials sector, up 2.2%. Among large Materials stocks, Mosaic Co (Symbol: MOS) and Freeport-McMoran Copper & Gold (Symbol: FCX) are the most notable, showing a gain of 3.8% and 3.4%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is up 1.9% in midday trading, and up 12.02% on a year-to-date basis. Mosaic Co, meanwhile, is down 23.05% year-to-date, and Freeport-McMoran Copper & Gold is up 7.68% year-to-date. Combined, MOS and FCX make up approximately 7.0% 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 Thursday. As you can see, eight sectors are up on the day, while one sector is down.
| Sector | % Change |
|---|---|
| Technology & Communications | +2.8% |
| Materials | +2.2% |
| Energy | +2.2% |
| Industrial | +2.0% |
| Services | +1.2% |
| Healthcare | +0.9% |
| Financial | +0.9% |
| Consumer Products | +0.5% |
| Utilities | -0.6% |
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Also see:
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Top Ten Hedge Funds Holding SPKL
SDOG Historical Stock Prices
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
