8 Of 11 Sectors Fall In Thursday Trading As Cyclicals Lead
Three sectors are higher and eight are lower in Thursday’s regular session, with cyclical sectors holding two of the top three positions. The leaders are separated rather than clustered, with Energy well ahead of the next group.
| Sector | Ticker | Price | Change |
|---|---|---|---|
| Energy | XLE | 62.18 | +1.10% |
| Technology | XLK | 196.27 | +0.26% |
| Industrials | XLI | 167.11 | +0.08% |
| Consumer Staples | XLP | 80.30 | -0.38% |
| Utilities | XLU | 39.28 | -0.40% |
| Consumer Discretionary | XLY | 108.23 | -0.56% |
| Health Care | XLV | 167.24 | -0.71% |
| Communication Services | XLC | 110.00 | -0.88% |
| Financials | XLF | 52.92 | -0.90% |
| Real Estate | XLRE | 40.51 | -0.99% |
| Materials | XLB | 48.05 | -1.33% |
Market Snapshot
The major averages are lower, with the State Street SPDR S&P 500 ETF Trust (NYSE:SPY) down 0.17% and the Invesco QQQ Trust, Series 1 (NASDAQ:QQQ) 0.01%, while the State Street SPDR Dow Jones Industrial Average ETF Trust (NYSE:DIA) is down 0.43% and the iShares Russell 2000 Index Fund (NYSE:IWM) 0.45%. Three of the eleven sectors are outpacing the S&P 500.
Leading Sectors
Energy Select Sector SPDR Fund (NYSE:XLE) +1.10%
Among the sector’s large-cap names, EOG Resources Inc (NYSE:EOG) is up 2.37%, ConocoPhillips (NYSE:COP) 1.20% and Chevron Corp (NYSE:CVX) 0.92%.
Technology Select Sector SPDR Fund (NYSE:XLK) +0.26%
Among the sector’s large-cap names, NVIDIA Corp (NASDAQ:NVDA) is up 0.91% and Microsoft Corp (NASDAQ:MSFT) 0.48%. Oracle Corp (NYSE:ORCL) is down 0.45%.
Industrial Select Sector SPDR Fund (NYSE:XLI) +0.08%
Among the sector’s large-cap names, Honeywell International Inc (NASDAQ:HON) is up 1.03%, Caterpillar Inc (NYSE:CAT) 0.62% and GE Aerospace (NYSE:GE) 0.02%.
Middle Of The Pack
- Consumer Staples Select Sector SPDR Fund (NYSE:XLP) -0.38%
- Utilities Select Sector SPDR Fund (NYSE:XLU) -0.40%
- Consumer Discretionary Select Sector SPDR Fund (NYSE:XLY) -0.56%
- Health Care Select Sector SPDR Fund (NYSE:XLV) -0.71%
- Communication Services Select Sector SPDR Fund (NYSE:XLC) -0.88%
Lagging Sectors
Financial Select Sector SPDR Fund (NYSE:XLF) -0.90%
Among the sector’s large-cap names, Bank of America Corp (NYSE:BAC) is down 2.30%, JPMorgan Chase & Co (NYSE:JPM) 1.11% and Mastercard Inc (NYSE:MA) 0.35%.
Real Estate Select Sector SPDR Fund (NYSE:XLRE) -0.99%
Among the sector’s large-cap names, Prologis Inc (NYSE:PLD) is down 1.52%, Simon Property Group Inc (NYSE:SPG) 0.83% and American Tower Corp (NYSE:AMT) 0.71%.
Materials Select Sector SPDR Fund (NYSE:XLB) -1.33%
Among the sector’s large-cap names, Air Products and Chemicals Inc (NYSE:APD) is down 3.13%, Sherwin-Williams Co (NYSE:SHW) 2.65% and Ecolab Inc (NYSE:ECL) 2.44%.
Cross-Sector Takeaway
The 2.43-point spread between Energy and Materials is more than four times the largest move among the major averages, which are down between 0.01% and 0.45%. The lower major averages mask a session where leadership has narrowed to a single sector, Energy. Defensives are split, with Consumer Staples near the top of the table and Real Estate near the bottom.
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