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Thursday Sector Leaders: Technology & Communications, Utilities

By Market News Video Staff, Thursday, January 23, 2:42 PM ET
Play Video: The Importance of ETFs


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In afternoon trading on Thursday, Technology & Communications stocks are the best performing sector, higher by 0.6%. Within that group, Citrix Systems Inc (NASDAQ:CTXS) and Arista Networks Inc (NYSE:ANET) are two large stocks leading the way, showing a gain of 8.5% and 3.3%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (NYSE:XLK), which is up 0.3% on the day, and up 6.64% year-to-date. Citrix Systems Inc, meanwhile, is up 16.69% year-to-date, and Arista Networks Inc is up 13.15% year-to-date. Combined, CTXS and ANET make up approximately 0.4% of the underlying holdings of XLK.

The next best performing sector is the Utilities sector, up 0.5%. Among large Utilities stocks, CenterPoint Energy, Inc (NYSE:CNP) and Public Service Enterprise Group Inc (NYSE:PEG) are the most notable, showing a gain of 2.3% and 1.2%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is up 0.4% in midday trading, and up 4.96% on a year-to-date basis. CenterPoint Energy, Inc, meanwhile, is down 1.82% year-to-date, and Public Service Enterprise Group Inc is up 3.30% year-to-date. Combined, CNP and PEG make up approximately 4.9% of the underlying holdings of XLU.

Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:

Portfolio Channel

Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Thursday. As you can see, four sectors are up on the day, while four sectors are down.

Sector% Change
Technology & Communications+0.6%
Utilities+0.5%
Industrial+0.5%
Consumer Products+0.1%
Services0.0%
Financial-0.1%
Materials-0.2%
Energy-0.4%
Healthcare-0.7%


This Article's Word Cloud:   ANET   Among   Arista   CTXS   CenterPoint   Change   Citrix   Combined   Communications   Comparing   Consumer   Dividend   ETFs   Energy   Enterprise   Financial   Group   NYSE   Networks   Public   SPDR   Sector   Select   Service   Systems   Technology   Thursday   Utilities   afternoon   approximately   basis   best   date   down   four   gain   holdings   large   make   meanwhile   performing   respectively   sector   sectors   showing   stocks   trading   underlying   which   year
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