Friday’s regular session has eight sectors higher and three lower, with growth sectors holding two of the top three positions. The leaders are clustered, with less than a quarter-point separating the top three sectors.
| Sector | Ticker | Price | Change |
|---|---|---|---|
| Technology | XLK | 200.62 | +1.41% |
| Materials | XLB | 49.19 | +1.34% |
| Consumer Discretionary | XLY | 110.15 | +1.23% |
| Industrials | XLI | 170.11 | +0.87% |
| Utilities | XLU | 40.00 | +0.80% |
| Real Estate | XLRE | 40.99 | +0.76% |
| Communication Services | XLC | 110.71 | +0.70% |
| Financials | XLF | 53.53 | +0.13% |
| Consumer Staples | XLP | 80.29 | -0.05% |
| Health Care | XLV | 165.91 | -0.18% |
| Energy | XLE | 62.50 | -0.32% |
Market Snapshot
The major averages are higher, with the State Street SPDR S&P 500 ETF Trust (NYSE:SPY) up 1.04% and the Invesco QQQ Trust, Series 1 (NASDAQ:QQQ) 1.53%; the State Street SPDR Dow Jones Industrial Average ETF Trust (NYSE:DIA) is up 0.57% and the iShares Russell 2000 Index Fund (NYSE:IWM) 1.50%. Three sectors outpace the S&P 500.
Leading Sectors
Technology Select Sector SPDR Fund (NYSE:XLK) +1.41%
Among the sector’s large-cap names, Oracle Corp (NYSE:ORCL) is up 4.87%, Broadcom Inc (NASDAQ:AVGO) 3.71% and NVIDIA Corp (NASDAQ:NVDA) 2.55%.
Materials Select Sector SPDR Fund (NYSE:XLB) +1.34%
Among the sector’s large-cap names, Linde PLC (NASDAQ:LIN) is up 2.34%, Air Products and Chemicals Inc (NYSE:APD) 2.25% and Ecolab Inc (NYSE:ECL) 1.34%.
Consumer Discretionary Select Sector SPDR Fund (NYSE:XLY) +1.23%
Among the sector’s large-cap names, Tesla Inc (NASDAQ:TSLA) is up 5.40%, Amazon.com Inc (NASDAQ:AMZN) 1.62% and The Home Depot Inc (NYSE:HD) 0.71%.
Middle Of The Pack
- Industrial Select Sector SPDR Fund (NYSE:XLI) +0.87%
- Utilities Select Sector SPDR Fund (NYSE:XLU) +0.80%
- Real Estate Select Sector SPDR Fund (NYSE:XLRE) +0.76%
- Communication Services Select Sector SPDR Fund (NYSE:XLC) +0.70%
- Financial Select Sector SPDR Fund (NYSE:XLF) +0.13%
Lagging Sectors
Consumer Staples Select Sector SPDR Fund (NYSE:XLP) -0.05%
Among the sector’s large-cap names, Coca-Cola Co (NYSE:KO) is down 0.63%, Costco Wholesale Corp (NASDAQ:COST) 0.13%, while PepsiCo Inc (NASDAQ:PEP) is up 0.06%.
Health Care Select Sector SPDR Fund (NYSE:XLV) -0.18%
Among the sector’s large-cap names, Merck & Co Inc (NYSE:MRK) is down 0.56%, Johnson & Johnson (NYSE:JNJ) 0.46% and AbbVie Inc (NYSE:ABBV) 0.14%.
Energy Select Sector SPDR Fund (NYSE:XLE) -0.32%
Among the sector’s large-cap names, ConocoPhillips (NYSE:COP) is down 0.87%, Chevron Corp (NYSE:CVX) 0.67% and ExxonMobil Holdings Corp (NYSE:XOM) 0.62%.
Cross-Sector Takeaway
The 1.73-point spread between Technology and Energy is about the same as the largest move among the major averages, which are up between 0.57% and 1.53%. The major averages are higher in a session where leadership is concentrated in Technology, Materials and Consumer Discretionary. Defensives are not keeping pace — Real Estate sits sixth and Health Care tenth — so the advance is concentrated rather than broad.
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