The best performing sector as of midday Wednesday is the Technology & Communications sector, up 1.3%. Within the sector, Monolithic Power Systems Inc (Symbol: MPWR) and Seagate Technology Holdings PLC (Symbol: STX) are two large stocks leading the way, showing a gain of 8.8% and 8.0%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is up 2.4% on the day, and up 3.95% year-to-date. Monolithic Power Systems Inc, meanwhile, is up 17.66% year-to-date, and Seagate Technology Holdings PLC is up 26.74% year-to-date. Combined, MPWR and STX make up approximately 0.6% of the underlying holdings of XLK.
The next best performing sector is the Healthcare sector, up 0.2%. Among large Healthcare stocks, Moderna Inc (Symbol: MRNA) and Align Technology Inc (Symbol: ALGN) are the most notable, showing a gain of 8.4% and 2.3%, respectively. One ETF closely tracking Healthcare stocks is the Health Care Select Sector SPDR ETF (XLV), which is down 0.1% in midday trading, and up 3.50% on a year-to-date basis. Moderna Inc, meanwhile, is down 6.46% year-to-date, and Align Technology Inc is up 11.89% year-to-date. Combined, MRNA and ALGN make up approximately 0.6% of the underlying holdings of XLV.
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, two sectors are up on the day, while five sectors are down.
| Sector | % Change |
|---|---|
| Technology & Communications | +1.3% |
| Healthcare | +0.2% |
| Services | -0.0% |
| Industrial | 0.0% |
| Materials | -0.4% |
| Financial | -0.7% |
| Energy | -0.8% |
| Consumer Products | -0.9% |
| Utilities | -1.9% |
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Also see:
Institutional Holders of PXDT
CCRN Insider Buying
TRMB Price Target
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
