Growth And Cyclical Sectors Lead Monday Trading
Seven sectors are higher and four are lower in Monday’s regular session, with growth and cyclical sectors splitting the top of the table. The leaders are separated rather than clustered, with no single gap clearly standing apart from the other breaks across the table.
| Sector | Ticker | Price | Change |
|---|---|---|---|
| Consumer Discretionary | XLY | 119.05 | +3.18% |
| Materials | XLB | 53.90 | +2.18% |
| Industrials | XLI | 170.28 | +1.72% |
| Financials | XLF | 57.42 | +1.61% |
| Communication Services | XLC | 100.96 | +1.06% |
| Consumer Staples | XLP | 90.03 | +0.68% |
| Real Estate | XLRE | 43.36 | +0.44% |
| Technology | XLK | 179.43 | -0.05% |
| Utilities | XLU | 43.35 | -0.19% |
| Health Care | XLV | 183.59 | -0.70% |
| Energy | XLE | 68.42 | -2.28% |
Prices as of 11:00 a.m. ET; quotes delayed 15 minutes.
Market Snapshot
The major averages are all higher. The State Street SPDR S&P 500 ETF Trust (NYSE:SPY) is up 0.69% and the Invesco QQQ Trust, Series 1 (NASDAQ:QQQ) 0.72%, while the State Street SPDR Dow Jones Industrial Average ETF Trust (NYSE:DIA) is up 0.94% and the iShares Russell 2000 Index Fund (NYSE:IWM) 1.04%, with small caps showing the strongest move. Five of the eleven sectors outpace the S&P 500.
Leading Sectors
Consumer Discretionary Select Sector SPDR Fund (NYSE:XLY) +3.18%
Among the sector’s large-cap names, Amazon.com Inc (NASDAQ:AMZN) is up 5.27%, Tesla Inc (NASDAQ:TSLA) 3.33% and The Home Depot Inc (NYSE:HD) 2.54%.
Materials Select Sector SPDR Fund (NYSE:XLB) +2.18%
Among the sector’s large-cap names, Sherwin-Williams Co (NYSE:SHW) is up 4.92%, Newmont Corp (NYSE:NEM) 3.02% and Ecolab Inc (NYSE:ECL) 1.98%.
Industrial Select Sector SPDR Fund (NYSE:XLI) +1.72%
Among the sector’s large-cap names, GE Aerospace (NYSE:GE) is up 3.77%, Honeywell International Inc (NASDAQ:HON) 2.66% and RTX Corp (NYSE:RTX) 0.77%.
Middle Of The Pack
- Financial Select Sector SPDR Fund (NYSE:XLF) +1.61%
- Communication Services Select Sector SPDR Fund (NYSE:XLC) +1.06%
- Consumer Staples Select Sector SPDR Fund (NYSE:XLP) +0.68%
- Real Estate Select Sector SPDR Fund (NYSE:XLRE) +0.44%
- Technology Select Sector SPDR Fund (NYSE:XLK) -0.05%
Lagging Sectors
Utilities Select Sector SPDR Fund (NYSE:XLU) -0.19%
Among the sector’s large-cap names, American Electric Power Co Inc (NASDAQ:AEP) is down 0.80%, Duke Energy Corp (NYSE:DUK) 0.50% and Southern Co (NYSE:SO) 0.33%.
Health Care Select Sector SPDR Fund (NYSE:XLV) -0.70%
Among the sector’s large-cap names, UnitedHealth Group Inc (NYSE:UNH) is down 3.10%, AbbVie Inc (NYSE:ABBV) 2.40% and Johnson & Johnson (NYSE:JNJ) 1.84%.
Energy Select Sector SPDR Fund (NYSE:XLE) -2.28%
Among the sector’s large-cap names, ConocoPhillips (NYSE:COP) is down 3.20%, EOG Resources Inc (NYSE:EOG) 2.90% and ExxonMobil Holdings Corp (NYSE:XOM) 2.62%.
Cross-Sector Takeaway
The 5.46-point spread between Consumer Discretionary and Energy is more than four times the largest move among the major averages, which are up between 0.69% and 1.04%. Those gains mask a session where leadership is concentrated in Consumer Discretionary, Materials and Industrials. Defensives are not keeping pace — four defensive sectors sit in the bottom half of the table — so the advance is concentrated rather than broad.