Energy Leads Sectors In Thursday Trading As Materials Trail
Five sectors are higher and six are lower in Thursday’s regular session, with cyclical, defensive and growth sectors split across the top three positions. The leaders are separated rather than clustered, with Energy clearly ahead of the next group.
| Sector | Ticker | Price | Change |
|---|---|---|---|
| Energy | XLE | 64.00 | +1.00% |
| Utilities | XLU | 43.98 | +0.35% |
| Consumer Discretionary | XLY | 121.18 | +0.15% |
| Technology | XLK | 174.57 | +0.12% |
| Industrials | XLI | 171.02 | +0.02% |
| Consumer Staples | XLP | 91.41 | -0.05% |
| Financials | XLF | 58.59 | -0.07% |
| Health Care | XLV | 188.67 | -0.15% |
| Communication Services | XLC | 108.39 | -0.20% |
| Real Estate | XLRE | 44.37 | -0.50% |
| Materials | XLB | 52.73 | -0.54% |
Prices as of 11:00 a.m. ET; quotes delayed 15 minutes.
Market Snapshot
The major averages are mixed, with the State Street SPDR S&P 500 ETF Trust (NYSE:SPY) up 0.11% and the Invesco QQQ Trust, Series 1 (NASDAQ:QQQ) up 0.19%, while the State Street SPDR Dow Jones Industrial Average ETF Trust (NYSE:DIA) is up 0.22% and the iShares Russell 2000 Index Fund (NYSE:IWM) is down 0.80%, the steepest move among the group. Four of the eleven sectors outpace the S&P 500.
Leading Sectors
Energy Select Sector SPDR Fund (NYSE:XLE) +1.00%
Among the sector’s large-cap names, EOG Resources Inc (NYSE:EOG) is up 0.94%, Chevron Corp (NYSE:CVX) 0.92% and ConocoPhillips (NYSE:COP) 0.88%.
Utilities Select Sector SPDR Fund (NYSE:XLU) +0.35%
Among the sector’s large-cap names, Duke Energy Corp (NYSE:DUK) is up 0.40%, Dominion Energy Inc (NYSE:D) 0.34% and NextEra Energy Inc (NYSE:NEE) 0.33%.
Consumer Discretionary Select Sector SPDR Fund (NYSE:XLY) +0.15%
Among the sector’s large-cap names, Amazon.com Inc (NASDAQ:AMZN) is up 1.36%, McDonald’s Corp (NYSE:MCD) 0.34% and Tesla Inc (NASDAQ:TSLA) 0.25%.
Middle Of The Pack
- Technology Select Sector SPDR Fund (NYSE:XLK) +0.12%
- Industrial Select Sector SPDR Fund (NYSE:XLI) +0.02%
- Consumer Staples Select Sector SPDR Fund (NYSE:XLP) -0.05%
- Financial Select Sector SPDR Fund (NYSE:XLF) -0.07%
- Health Care Select Sector SPDR Fund (NYSE:XLV) -0.15%
Lagging Sectors
Communication Services Select Sector SPDR Fund (NYSE:XLC) -0.20%
Among the sector’s large-cap names, Netflix Inc (NASDAQ:NFLX) is down 1.80%, Meta Platforms Inc (NASDAQ:META) 0.54% and The Walt Disney Co (NYSE:DIS) 0.31%.
Real Estate Select Sector SPDR Fund (NYSE:XLRE) -0.50%
Among the sector’s large-cap names, Prologis Inc (NYSE:PLD) is down 1.29%, Public Storage (NYSE:PSA) 0.84% and American Tower Corp (NYSE:AMT) 0.58%.
Materials Select Sector SPDR Fund (NYSE:XLB) -0.54%
Among the sector’s large-cap names, Newmont Corp (NYSE:NEM) is down 2.95%, Sherwin-Williams Co (NYSE:SHW) 0.25% and Ecolab Inc (NYSE:ECL) 0.18%.
Cross-Sector Takeaway
The 1.54-point spread between Energy and Materials is roughly double the largest move among the major averages, which range from down 0.80% to up 0.22%. The mixed major averages mask a session where leadership is concentrated in Energy and Utilities. Defensives are not keeping pace — Utilities sits near the top while Real Estate ranks second from the bottom — so the advance is concentrated rather than broad.