Seven sectors are higher and four are lower in Tuesday’s regular session, with growth and cyclical sectors split across the top three positions. The leaders are separated rather than clustered, with Technology clearly ahead of the next group.
| Sector | Ticker | Price | Change |
|---|---|---|---|
| Technology | XLK | 188.74 | +1.29% |
| Consumer Discretionary | XLY | 114.90 | +0.56% |
| Materials | XLB | 51.59 | +0.40% |
| Utilities | XLU | 42.67 | +0.28% |
| Industrials | XLI | 167.32 | +0.21% |
| Communication Services | XLC | 103.92 | +0.06% |
| Health Care | XLV | 179.34 | +0.03% |
| Financials | XLF | 55.92 | -0.17% |
| Consumer Staples | XLP | 87.50 | -0.53% |
| Real Estate | XLRE | 42.56 | -0.57% |
| Energy | XLE | 68.48 | -1.66% |
Prices as of 11:00 a.m. ET; quotes delayed 15 minutes.
Market Snapshot
The major averages are higher, led by the Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), which is up 0.93%; the iShares Russell 2000 Index Fund (NYSE:IWM) is up 0.68%, the State Street SPDR S&P 500 ETF Trust (NYSE:SPY) 0.45%, and the State Street SPDR Dow Jones Industrial Average ETF Trust (NYSE:DIA) 0.03%. Two of the 11 sectors are outpacing the S&P 500.
Leading Sectors
Technology Select Sector SPDR Fund (NYSE:XLK) +1.29%
Among the sector’s large-cap names, Broadcom Inc (NASDAQ:AVGO) is up 3.30%, Oracle Corp (NYSE:ORCL) 3.17% and Apple Inc (NASDAQ:AAPL) 0.78%.
Consumer Discretionary Select Sector SPDR Fund (NYSE:XLY) +0.56%
Among the sector’s large-cap names, Tesla Inc (NASDAQ:TSLA) is up 2.83% and Amazon.com Inc (NASDAQ:AMZN) 1.08%, while The Home Depot Inc (NYSE:HD) is down 0.35%.
Materials Select Sector SPDR Fund (NYSE:XLB) +0.40%
Among the sector’s large-cap names, Newmont Corp (NYSE:NEM) is up 1.74%, Ecolab Inc (NYSE:ECL) 0.92% and Air Products and Chemicals Inc (NYSE:APD) 0.10%.
Middle Of The Pack
- Utilities Select Sector SPDR Fund (NYSE:XLU) +0.28%
- Industrial Select Sector SPDR Fund (NYSE:XLI) +0.21%
- Communication Services Select Sector SPDR Fund (NYSE:XLC) +0.06%
- Health Care Select Sector SPDR Fund (NYSE:XLV) +0.03%
- Financial Select Sector SPDR Fund (NYSE:XLF) -0.17%
Lagging Sectors
Consumer Staples Select Sector SPDR Fund (NYSE:XLP) -0.53%
Among the sector’s large-cap names, PepsiCo Inc (NASDAQ:PEP) is down 0.79%, Costco Wholesale Corp (NASDAQ:COST) 0.77% and Walmart Inc (NASDAQ:WMT) 0.52%.
Real Estate Select Sector SPDR Fund (NYSE:XLRE) -0.57%
Among the sector’s large-cap names, American Tower Corp (NYSE:AMT) is down 1.04% and Simon Property Group Inc (NYSE:SPG) 0.17%, while Prologis Inc (NYSE:PLD) is up 0.34%.
Energy Select Sector SPDR Fund (NYSE:XLE) -1.66%
Among the sector’s large-cap names, ConocoPhillips (NYSE:COP) is down 1.98%, Chevron Corp (NYSE:CVX) 1.47% and EOG Resources Inc (NYSE:EOG) 1.46%.
Cross-Sector Takeaway
The 2.95-point spread between Technology and Energy is more than three times the largest move among the major averages, which are higher between 0.03% and 0.93%. The modest index gains mask a session where leadership is concentrated in Technology and Consumer Discretionary. Defensives are not keeping pace — Health Care sits fifth from the bottom — so the advance is concentrated rather than broad.
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