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.
Technology & Communications
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