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In afternoon trading on Tuesday, Technology & Communications stocks are the best performing sector, higher by 2.1%. Within that group, Monolithic Power Systems Inc (NASDAQ:MPWR) and NVIDIA Corp (NASDAQ:NVDA) are two of the day's stand-outs, showing a gain of 10.0% and 8.0%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (NYSE:XLK), which is up 2.0% on the day, and down 9.17% year-to-date. Monolithic Power Systems Inc, meanwhile, is down 3.37% year-to-date, and NVIDIA Corp, is down 10.86% year-to-date. Combined, MPWR and NVDA make up approximately 4.4% of the underlying holdings of XLK.
The next best performing sector is the Materials sector, higher by 2.0%. Among large Materials stocks, Albemarle Corp. (NYSE:ALB) and Martin Marietta Materials, Inc. (NYSE:MLM) are the most notable, showing a gain of 5.9% and 4.2%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is up 1.8% in midday trading, and down 6.42% on a year-to-date basis. Albemarle Corp., meanwhile, is up 3.10% year-to-date, and Martin Marietta Materials, Inc., is down 12.67% year-to-date. Combined, ALB and MLM make up approximately 5.4% of the underlying holdings of XLB.
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 Tuesday. As you can see, seven sectors are up on the day, while two sectors are down.
Sector
% Change
Technology & Communications
+2.1%
Materials
+2.0%
Services
+1.8%
Financial
+1.6%
Industrial
+1.6%
Consumer Products
+1.2%
Healthcare
+1.2%
Utilities
-0.4%
Energy
-1.0%
This Article's Word Cloud:AlbemarleAmongBuyingChangeCombinedCommunicationsComparingConsumerCorpETFsEnergyFinancialHealthcareHereIndustrialMPWRMariettaMartinMaterialsMonolithicNVDANYSEPowerSPDRSectorSelectSystemsTechnologyTuesdayafternoonapproximatelybasisbestdatedowngainhigherholdingsmakemeanwhileperformingrespectivelysectorsectorsshowingstockstradingunderlyingwhichyear
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