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8 Of 11 Sectors Rise Wednesday As Growth Leads
Eight of 11 sectors are higher in Wednesday’s regular session, with growth sectors holding two of the top three positions and Consumer Staples completing the leading group. Energy sits well clear of the rest, separated from the next-weakest sector by a margin several times wider than any other gap in the table.
| Sector | Ticker | Price | Change |
|---|---|---|---|
| Communication Services | XLC | 105.58 | +4.08% |
| Consumer Discretionary | XLY | 122.01 | +3.98% |
| Consumer Staples | XLP | 92.21 | +3.66% |
| Financials | XLF | 58.65 | +2.55% |
| Real Estate | XLRE | 44.63 | +2.20% |
| Health Care | XLV | 187.62 | +1.95% |
| Materials | XLB | 53.56 | +1.84% |
| Technology | XLK | 176.67 | +0.09% |
| Utilities | XLU | 43.33 | -0.22% |
| Industrials | XLI | 168.30 | -1.77% |
| Energy | XLE | 63.76 | -4.38% |
Prices as of 11:00 a.m. ET; quotes delayed 15 minutes.
Market Snapshot
The major averages are all higher, led by the State Street SPDR Dow Jones Industrial Average ETF Trust (NYSE:DIA) at 2.65%, followed by the State Street SPDR S&P 500 ETF Trust (NYSE:SPY) at 1.56%, the Invesco QQQ Trust, Series 1 (NASDAQ:QQQ) at 1.18% and the iShares Russell 2000 Index Fund (NYSE:IWM) at 0.93%. Seven of the 11 sectors are outpacing the S&P 500.
Leading Sectors
Communication Services Select Sector SPDR Fund (NYSE:XLC) +4.08%
Among the sector’s large-cap names, The Walt Disney Co (NYSE:DIS) is up 4.95%, Alphabet Inc (NASDAQ:GOOG) 4.86%.
Consumer Discretionary Select Sector SPDR Fund (NYSE:XLY) +3.98%
Among the sector’s large-cap names, Amazon.com Inc (NASDAQ:AMZN) is up 6.42%, Nike Inc (NYSE:NKE) 5.93% and McDonald’s Corp (NYSE:MCD) 5.13%.
Consumer Staples Select Sector SPDR Fund (NYSE:XLP) +3.66%
Among the sector’s large-cap names, PepsiCo Inc (NASDAQ:PEP) is up 4.80%, Walmart Inc (NASDAQ:WMT) 4.17% and Procter & Gamble Co (NYSE:PG) 3.41%.
Middle Of The Pack
- Financial Select Sector SPDR Fund (NYSE:XLF) +2.55%
- Real Estate Select Sector SPDR Fund (NYSE:XLRE) +2.20%
- Health Care Select Sector SPDR Fund (NYSE:XLV) +1.95%
- Materials Select Sector SPDR Fund (NYSE:XLB) +1.84%
- Technology Select Sector SPDR Fund (NYSE:XLK) +0.09%
Lagging Sectors
Utilities Select Sector SPDR Fund (NYSE:XLU) -0.22%
Among the sector’s large-cap names, American Electric Power Co Inc (NASDAQ:AEP) is down 2.23% and Southern Co (NYSE:SO) 1.66%, while Duke Energy Corp (NYSE:DUK) is up 2.45%.
Industrial Select Sector SPDR Fund (NYSE:XLI) -1.77%
Among the sector’s large-cap names, Caterpillar Inc (NYSE:CAT) is down 5.83% and RTX Corp (NYSE:RTX) 3.64%, while Union Pacific Corp (NYSE:UNP) is up 0.58%.
Energy Select Sector SPDR Fund (NYSE:XLE) -4.38%
Among the sector’s large-cap names, SLB Ltd (NYSE:SLB) is down 4.49%, ConocoPhillips (NYSE:COP) 4.11% and EOG Resources Inc (NYSE:EOG) 3.67%.
Cross-Sector Takeaway
The 8.46-point spread between Communication Services and Energy is more than three times the largest move among the major averages, which are higher between 0.93% and 2.65%. The broad index gains mask a session where leadership is concentrated in Communication Services, Consumer Discretionary and Consumer Staples. Defensives are split, with Consumer Staples near the top of the table and Utilities near the bottom.
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