In afternoon trading on Monday, Technology & Communications stocks are the best performing sector, losing just 0.1%. Within that group, Western Digital Corp (NASDAQ:WDC) and NetApp, Inc. (NASDAQ:NTAP) are two of the day's stand-outs, showing a gain of 9.7% and 3.4%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (NYSE:XLK), which is down 0.7% on the day, and up 32.17% year-to-date. Western Digital Corp, meanwhile, is down 32.83% year-to-date, and NetApp, Inc., is down 18.59% year-to-date. Combined, WDC and NTAP make up approximately 0.3% of the underlying holdings of XLK.
The next best performing sector is the Utilities sector, losing just 0.3%. Among large Utilities stocks, Pinnacle West Capital Corp (NYSE:PNW) and Sempra Energy (NYSE:SRE) are the most notable, showing a gain of 0.9% and 0.8%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is down 0.5% in midday trading, and up 0.78% on a year-to-date basis. Pinnacle West Capital Corp, meanwhile, is down 6.45% year-to-date, and Sempra Energy, is down 12.70% year-to-date. Combined, PNW and SRE make up approximately 5.2% 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 Monday. As you can see, none of the sectors are up on the day, while nine sectors are down.
Technology & Communications
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