Consumer Staples Leads Sectors As Technology Trails
Six sectors are higher and five are lower in Friday’s regular session, with the top three split across defensive, growth and cyclical groups. Consumer Staples sits well clear of the rest, separated by a margin several times wider than any other gap in the table.
| Sector | Ticker | Price | Change |
|---|---|---|---|
| Consumer Staples | XLP | 92.13 | +1.17% |
| Communication Services | XLC | 108.32 | +0.70% |
| Financials | XLF | 58.54 | +0.55% |
| Utilities | XLU | 44.03 | +0.50% |
| Energy | XLE | 64.64 | +0.47% |
| Health Care | XLV | 188.35 | +0.27% |
| Real Estate | XLRE | 44.27 | -0.20% |
| Materials | XLB | 52.16 | -0.36% |
| Consumer Discretionary | XLY | 119.86 | -0.50% |
| Industrials | XLI | 168.12 | -0.78% |
| Technology | XLK | 168.64 | -2.96% |
Prices as of 11:00 a.m. ET; quotes delayed 15 minutes.
Market Snapshot
The major averages are all lower. The State Street SPDR S&P 500 ETF Trust (NYSE:SPY) is down 0.86% and the Invesco QQQ Trust, Series 1 (NASDAQ:QQQ) 1.95%, while the State Street SPDR Dow Jones Industrial Average ETF Trust (NYSE:DIA) is down 0.14% and the iShares Russell 2000 Index Fund (NYSE:IWM) 0.99%, with the Nasdaq 100 showing the steepest decline. Ten of the eleven sectors are outperforming the S&P 500.
Leading Sectors
Consumer Staples Select Sector SPDR Fund (NYSE:XLP) +1.17%
Among the sector’s large-cap names, Coca-Cola Co (NYSE:KO) is up 1.69%, PepsiCo Inc (NASDAQ:PEP) 1.67% and Procter & Gamble Co (NYSE:PG) 1.46%.
Communication Services Select Sector SPDR Fund (NYSE:XLC) +0.70%
Among the sector’s large-cap names, Meta Platforms Inc (NASDAQ:META) is up 1.05%, The Walt Disney Co (NYSE:DIS) 0.63% and Netflix Inc (NASDAQ:NFLX) 0.21%.
Financial Select Sector SPDR Fund (NYSE:XLF) +0.55%
Among the sector’s large-cap names, Visa Inc (NYSE:V) is up 1.39%, Mastercard Inc (NYSE:MA) 1.29% and Berkshire Hathaway Inc. New Common Stock (NYSE:BRK) 0.62%.
Middle Of The Pack
- Utilities Select Sector SPDR Fund (NYSE:XLU) +0.50%
- Energy Select Sector SPDR Fund (NYSE:XLE) +0.47%
- Health Care Select Sector SPDR Fund (NYSE:XLV) +0.27%
- Real Estate Select Sector SPDR Fund (NYSE:XLRE) -0.20%
- Materials Select Sector SPDR Fund (NYSE:XLB) -0.36%
Lagging Sectors
Consumer Discretionary Select Sector SPDR Fund (NYSE:XLY) -0.50%
Among the sector’s large-cap names, Tesla Inc (NASDAQ:TSLA) is down 1.91%, Amazon.com Inc (NASDAQ:AMZN) 0.74% and The Home Depot Inc (NYSE:HD) 0.36%.
Industrial Select Sector SPDR Fund (NYSE:XLI) -0.78%
Among the sector’s large-cap names, Caterpillar Inc (NYSE:CAT) is down 1.90%, Honeywell International Inc (NASDAQ:HON) 1.14% and RTX Corp (NYSE:RTX) 0.49%.
Technology Select Sector SPDR Fund (NYSE:XLK) -2.96%
Among the sector’s large-cap names, Broadcom Inc (NASDAQ:AVGO) is down 6.50%, NVIDIA Corp (NASDAQ:NVDA) 3.80% and Oracle Corp (NYSE:ORCL) 2.89%.
Cross-Sector Takeaway
The 4.13-point spread between Consumer Staples and Technology is roughly double the largest move among the major averages, which are down between 0.14% and 1.95%. The major averages are lower, masking a session where leadership is concentrated in Consumer Staples, Communication Services and Financials. Defensives are split, with Consumer Staples near the top of the table and Real Estate near the bottom.
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