Monday Sector Leaders: Technology & Communications, Financial

In afternoon trading on Monday, Technology & Communications stocks are the best performing sector, up 0.4%. Within that group, Broadcom Inc (Symbol: AVGO) and Micron Technology Inc. (Symbol: MU) are two of the day's stand-outs, showing a gain of 10.0% and 7.1%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is up 0.8% on the day, and up 25.72% year-to-date. Broadcom Inc, meanwhile, is up 122.86% year-to-date, and Micron Technology Inc. is up 29.17% year-to-date. Combined, AVGO and MU make up approximately 7.1% of the underlying holdings of XLK.

The next best performing sector is the Financial sector, higher by 0.3%. Among large Financial stocks, Texas Pacific Land Corp (Symbol: TPL) and Mid-America Apartment Communities Inc (Symbol: MAA) are the most notable, showing a gain of 2.1% and 2.0%, respectively. One ETF closely tracking Financial stocks is the Financial Select Sector SPDR ETF (XLF), which is flat on the day in midday trading, and up 33.03% on a year-to-date basis. Texas Pacific Land Corp, meanwhile, is up 136.43% year-to-date, and Mid-America Apartment Communities Inc is up 23.67% year-to-date.

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 Monday. As you can see, four sectors are up on the day, while four sectors are down.

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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.