The best performing sector as of midday Monday is the Technology & Communications sector, higher by 0.8%. Within the sector, NVIDIA Corp (NASDAQ:NVDA) and Adobe Inc (NASDAQ:ADBE) are two large stocks leading the way, showing a gain of 3.8% and 3.1%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (NYSE:XLK), which is up 1.6% on the day, and up 9.24% year-to-date. NVIDIA Corp, meanwhile, is up 12.50% year-to-date, and Adobe Inc is up 12.77% year-to-date. Combined, NVDA and ADBE make up approximately 4.7% of the underlying holdings of XLK.
The next best performing sector is the Industrial sector, up 0.7%. Among large Industrial stocks, Raytheon Co. (NYSE:RTN) and Intuit Inc (NASDAQ:INTU) are the most notable, showing a gain of 4.7% and 3.4%, respectively. One ETF closely tracking Industrial stocks is the Industrial Select Sector SPDR ETF (XLI), which is up 0.9% in midday trading, and up 12.61% on a year-to-date basis. Raytheon Co., meanwhile, is up 13.88% year-to-date, and Intuit Inc is up 12.89% year-to-date. RTN makes up approximately 2.2% of the underlying holdings of XLI.
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, six sectors are up on the day, while two sectors are down.
Technology & Communications
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