The best performing sector as of midday Tuesday is the Technology & Communications sector, up 0.4%. Within that group, Advanced Micro Devices, Inc. (Symbol: AMD) and Qorvo Inc (Symbol: QRVO) are two of the day's stand-outs, showing a gain of 8.9% and 3.1%, respectively. Among technology ETFs , one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is up 0.3% on the day, and up 16.29% year-to-date. Advanced Micro Devices, Inc., meanwhile, is up 9.70% year-to-date, and Qorvo Inc is up 39.86% year-to-date. Combined, AMD and QRVO make up approximately 0.4% of the underlying holdings of XLK.
The next best performing sector is the Materials sector, not showing much of a loss. Among large Materials stocks, Eastman Chemical Co (Symbol: EMN) and FMC Corp. (Symbol: FMC) are the most notable, showing a gain of 1.4% and 1.3%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF ( XLB ), which is up 0.1% in midday trading, and up 7.22% on a year-to-date basis. Eastman Chemical Co, meanwhile, is up 6.71% year-to-date, and FMC Corp. is up 34.38% year-to-date. Combined, EMN and FMC make up approximately 3.8% 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 Tuesday. As you can see, one sector is up on the day, while seven sectors are down.
Technology & Communications