Tuesday Sector Leaders: Energy, Technology & Communications

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In afternoon trading on Tuesday, Energy stocks are the best performing sector, higher by 4.2%. Within that group, Newfield Exploration Co (Symbol: NFX) and Devon Energy Corp. (Symbol: DVN) are two large stocks leading the way, showing a gain of 7.3% and 6.8%, respectively. Among energy ETFs , one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is up 3.8% on the day, and down 2.15% year-to-date. Newfield Exploration Co, meanwhile, is down 16.81% year-to-date, and Devon Energy Corp., is down 18.64% year-to-date. Combined, NFX and DVN make up approximately 1.8% of the underlying holdings of XLE.

The next best performing sector is the Technology & Communications sector, up 2.5%. Among large Technology & Communications stocks, Seagate Technology plc (Symbol: STX) and NVIDIA Corp (Symbol: NVDA) are the most notable, showing a gain of 6.5% and 5.5%, respectively. One ETF closely tracking Technology & Communications stocks is the Technology Select Sector SPDR ETF ( XLK ), which is up 2.3% in midday trading, and up 3.59% on a year-to-date basis. Seagate Technology plc, meanwhile, is up 44.76% year-to-date, and NVIDIA Corp is up 17.52% year-to-date. Combined, STX and NVDA make up approximately 2.6% 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 Tuesday. As you can see, eight sectors are up on the day, while one sector is down.

Sector % Change
Energy +4.2%
Technology & Communications +2.5%
Materials +2.2%
Healthcare +2.0%
Industrial +1.5%
Services +1.3%
Financial +1.2%
Consumer Products +1.0%
Utilities -0.5%

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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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