8 Of 11 Sectors Fall In Thursday Trading As Leaders Split
Three sectors are higher and eight are lower in Thursday’s regular session, with growth, cyclical and defensive sectors each represented among the top three. The leaders are separated rather than clustered.
| Sector | Ticker | Price | Change |
|---|---|---|---|
| Energy | XLE | 62.98 | +0.97% |
| Communication Services | XLC | 113.61 | +0.93% |
| Health Care | XLV | 169.83 | +0.61% |
| Real Estate | XLRE | 41.77 | -0.16% |
| Financials | XLF | 54.43 | -0.21% |
| Consumer Discretionary | XLY | 110.30 | -0.32% |
| Consumer Staples | XLP | 82.12 | -0.38% |
| Utilities | XLU | 39.53 | -0.55% |
| Industrials | XLI | 168.77 | -0.79% |
| Technology | XLK | 193.69 | -0.85% |
| Materials | XLB | 49.60 | -1.36% |
Market Snapshot
The major averages are lower. The State Street SPDR S&P 500 ETF Trust (NYSE:SPY) is down 0.14% and the Invesco QQQ Trust, Series 1 (NASDAQ:QQQ) 0.20%, while the State Street SPDR Dow Jones Industrial Average ETF Trust (NYSE:DIA) is down 0.41% and the iShares Russell 2000 Index Fund (NYSE:IWM) 0.34%, with the Dow Jones Industrial Average ETF showing the steepest decline. Three of the eleven sectors are outpacing the S&P 500.
Leading Sectors
Energy Select Sector SPDR Fund (NYSE:XLE) +0.97%
Among the sector’s large-cap names, ConocoPhillips (NYSE:COP) is up 1.51%, ExxonMobil Holdings Corp (NYSE:XOM) 0.84% and Chevron Corp (NYSE:CVX) 0.73%.
Communication Services Select Sector SPDR Fund (NYSE:XLC) +0.93%
Among the sector’s large-cap names, Meta Platforms Inc (NASDAQ:META) is up 3.46%, The Walt Disney Co (NYSE:DIS) 1.33% and Alphabet Inc (NASDAQ:GOOGL) 1.02%.
Health Care Select Sector SPDR Fund (NYSE:XLV) +0.61%
Among the sector’s large-cap names, Eli Lilly and Co (NYSE:LLY) is up 3.18%, Johnson & Johnson (NYSE:JNJ) 0.79% and UnitedHealth Group Inc (NYSE:UNH) 0.43%.
Middle Of The Pack
- Real Estate Select Sector SPDR Fund (NYSE:XLRE) -0.16%
- Financial Select Sector SPDR Fund (NYSE:XLF) -0.21%
- Consumer Discretionary Select Sector SPDR Fund (NYSE:XLY) -0.32%
- Consumer Staples Select Sector SPDR Fund (NYSE:XLP) -0.38%
- Utilities Select Sector SPDR Fund (NYSE:XLU) -0.55%
Lagging Sectors
Industrial Select Sector SPDR Fund (NYSE:XLI) -0.79%
Among the sector’s large-cap names, Caterpillar Inc (NYSE:CAT) is down 1.04%, Union Pacific Corp (NYSE:UNP) 0.84% and RTX Corp (NYSE:RTX) 0.51%.
Technology Select Sector SPDR Fund (NYSE:XLK) -0.85%
Among the sector’s large-cap names, Oracle Corp (NYSE:ORCL) is down 4.08%, Broadcom Inc (NASDAQ:AVGO) 1.39% and Microsoft Corp (NASDAQ:MSFT) 1.08%.
Materials Select Sector SPDR Fund (NYSE:XLB) -1.36%
Among the sector’s large-cap names, Sherwin-Williams Co (NYSE:SHW) is down 2.48%, Newmont Corp (NYSE:NEM) 2.34% and Ecolab Inc (NYSE:ECL) 0.95%.
Cross-Sector Takeaway
The 2.33-point spread between Energy and Materials is more than four times the largest move among the major averages, which are down between 0.14% and 0.41%. Those modest index losses mask a session where leadership is concentrated in Energy, Communication Services and Health Care. Defensives are split, with Health Care near the top of the table and Utilities near the bottom.
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