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Thursday Sector Leaders: Utilities, Technology & Communications

Shutterstock photo
Shutterstock photo

Shutterstock photo

The best performing sector as of midday Thursday is the Utilities sector, higher by 1.5%. Within that group, FirstEnergy Corp (Symbol: FE) and CMS Energy Corp (Symbol: CMS) are two large stocks leading the way, showing a gain of 2.5% and 2.5%, respectively. Among utilities ETFs , one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is up 1.7% on the day, and down 6.22% year-to-date. FirstEnergy Corp, meanwhile, is up 8.13% year-to-date, and CMS Energy Corp, is down 7.81% year-to-date. Combined, FE and CMS make up approximately 4.2% of the underlying holdings of XLU.

The next best performing sector is the Technology & Communications sector, higher by 1.2%. Among large Technology & Communications stocks, CenturyLink Inc (Symbol: CTL) and Cisco Systems Inc (Symbol: CSCO) are the most notable, showing a gain of 8.1% and 4.5%, respectively. One ETF closely tracking Technology & Communications stocks is the Technology Select Sector SPDR ETF ( XLK ), which is up 1.4% in midday trading, and up 4.69% on a year-to-date basis. CenturyLink Inc, meanwhile, is up 13.91% year-to-date, and Cisco Systems Inc is up 15.55% year-to-date. Combined, CTL and CSCO make up approximately 4.0% of the underlying holdings of XLK.

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
Utilities +1.5%
Technology & Communications +1.2%
Consumer Products +0.9%
Healthcare +0.9%
Industrial +0.9%
Services +0.6%
Materials +0.6%
Financial +0.2%
Energy -0.9%

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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.

In This Story

CTL FE CMS XLU XLK

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