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:
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.
Technology & Communications
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