Wednesday Sector Leaders: Technology & Communications, Materials

In afternoon trading on Wednesday, Technology & Communications stocks are the best performing sector, up 1.3%. Within that group, Inc (Symbol: CRM) and Adobe Inc (Symbol: ADBE) are two of the day's stand-outs, showing a gain of 25.7% and 7.9%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is up 1.9% on the day, and up 33.60% year-to-date. Inc, meanwhile, is up 66.97% year-to-date, and Adobe Inc is up 58.46% year-to-date. Combined, CRM and ADBE make up approximately 5.8% of the underlying holdings of XLK.

The next best performing sector is the Materials sector, higher by 0.4%. Among large Materials stocks, Freeport-McMoran Copper & Gold (Symbol: FCX) and International Flavors & Fragrances Inc. (Symbol: IFF) are the most notable, showing a gain of 2.9% and 2.1%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is up 1.0% in midday trading, and up 4.08% on a year-to-date basis. Freeport-McMoran Copper & Gold, meanwhile, is up 13.76% year-to-date, and International Flavors & Fragrances Inc., is down 1.58% year-to-date. Combined, FCX and IFF make up approximately 5.0% 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 Wednesday. As you can see, four sectors are up on the day, while five sectors are down.

Sector % Change
Technology & Communications +1.3%
Materials +0.4%
Services +0.2%
Industrial +0.1%
Consumer Products -0.2%
Healthcare -0.3%
Financial -1.1%
Utilities -1.5%
Energy -2.0%

10 ETFs With Stocks That Insiders Are Buying »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.