Wednesday Sector Leaders: Technology & Communications, Industrial

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Looking at the sectors faring best as of midday Wednesday, shares of Technology & Communications companies are outperforming other sectors, losing just 0.4%. Within that group, Seagate Technology plc (Symbol: STX) and CenturyLink Inc (Symbol: CTL) are two large stocks leading the way, showing a gain of 2.3% and 2.2%, respectively. Among technology ETFs , one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is down 0.6% on the day, and up 17.60% year-to-date. Seagate Technology plc, meanwhile, is up 14.64% year-to-date, and CenturyLink Inc, is down 30.03% year-to-date. STX makes up approximately 0.2% of the underlying holdings of XLK.

The next best performing sector is the Industrial sector, losing just 0.5%. Among large Industrial stocks, Deere & Co. (Symbol: DE) and Rockwell Automation, Inc. (Symbol: ROK) are the most notable, showing a gain of 1.7% and 0.9%, respectively. One ETF closely tracking Industrial stocks is the Industrial Select Sector SPDR ETF ( XLI ), which is down 0.6% in midday trading, and up 13.45% on a year-to-date basis. Deere & Co., meanwhile, is down 5.74% year-to-date, and Rockwell Automation, Inc. is up 2.92% year-to-date. Combined, DE and ROK make up approximately 2.9% of the underlying holdings of XLI.

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: The Online Investor 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, none of the sectors are up on the day, while nine sectors are down.

Sector % Change
Technology & Communications -0.4%
Industrial -0.5%
Materials -0.5%
Financial -0.6%
Healthcare -1.0%
Utilities -1.1%
Energy -1.1%
Services -1.2%
Consumer Products -1.6%

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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.



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