The best performing sector as of midday Wednesday is the Financial sector, up 1.8%. Within that group, Bank of New York Mellon Corp (Symbol: BK) and Citigroup Inc (Symbol: C) are two large stocks leading the way, showing a gain of 8.0% and 7.4%, respectively. Among financial ETFs, one ETF following the sector is the Financial Select Sector SPDR ETF (Symbol: XLF), which is up 2.6% on the day, and up 2.42% year-to-date. Bank of New York Mellon Corp, meanwhile, is up 6.76% year-to-date, and Citigroup Inc is up 12.18% year-to-date. Combined, BK and C make up approximately 3.0% of the underlying holdings of XLF.
The next best performing sector is the Technology & Communications sector, up 1.5%. Among large Technology & Communications stocks, Micron Technology Inc. (Symbol: MU) and CrowdStrike Holdings Inc (Symbol: CRWD) are the most notable, showing a gain of 6.0% and 3.9%, respectively. One ETF closely tracking Technology & Communications stocks is the Technology Select Sector SPDR ETF (XLK), which is up 2.0% in midday trading, and down 0.09% on a year-to-date basis. Micron Technology Inc., meanwhile, is up 22.64% year-to-date, and CrowdStrike Holdings Inc is up 5.71% year-to-date. Combined, MU and CRWD make up approximately 2.1% 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 Wednesday. As you can see, nine sectors are up on the day, while none of the sectors are down.
| Sector | % Change |
|---|---|
| Financial | +1.8% |
| Technology & Communications | +1.5% |
| Energy | +1.5% |
| Utilities | +1.4% |
| Materials | +1.1% |
| Industrial | +1.0% |
| Services | +0.9% |
| Healthcare | +0.3% |
| Consumer Products | +0.1% |
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Also see:
Cheap Consumer Shares
Top Ten Hedge Funds Holding NXK
SMPL market cap history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
