Three sectors are higher and eight are lower in Thursday’s regular session, with the top three split across cyclical, defensive and growth groups. The leaders are separated rather than clustered, with Energy clearly ahead of the next sectors in the ranking.
| Sector | Ticker | Price | Change |
|---|---|---|---|
| Energy | XLE | 65.13 | +2.79% |
| Consumer Staples | XLP | 82.80 | +1.34% |
| Communication Services | XLC | 111.74 | +0.43% |
| Materials | XLB | 48.97 | -0.03% |
| Industrials | XLI | 167.56 | -0.17% |
| Consumer Discretionary | XLY | 111.10 | -0.24% |
| Financials | XLF | 53.58 | -0.33% |
| Utilities | XLU | 41.00 | -0.37% |
| Technology | XLK | 200.48 | -0.46% |
| Real Estate | XLRE | 40.34 | -0.56% |
| Health Care | XLV | 165.56 | -1.93% |
Prices as of 11:00 a.m. ET; quotes delayed 15 minutes.
Market Snapshot
The major averages are all lower. The State Street SPDR S&P 500 ETF Trust (NYSE:SPY) is down 0.24% and the Invesco QQQ Trust, Series 1 (NASDAQ:QQQ) 0.39%, while the State Street SPDR Dow Jones Industrial Average ETF Trust (NYSE:DIA) is down 0.30% and the iShares Russell 2000 Index Fund (NYSE:IWM) 0.87%, the steepest decline of the group. Five of the eleven sectors outpace the S&P 500.
Leading Sectors
Energy Select Sector SPDR Fund (NYSE:XLE) +2.79%
Among the sector’s large-cap names, ConocoPhillips (NYSE:COP) is up 3.23%, Chevron Corp (NYSE:CVX) 3.10% and ExxonMobil Holdings Corp (NYSE:XOM) 2.87%.
Consumer Staples Select Sector SPDR Fund (NYSE:XLP) +1.34%
Among the sector’s large-cap names, PepsiCo Inc (NASDAQ:PEP) is up 1.73%, Walmart Inc (NASDAQ:WMT) 1.53% and Coca-Cola Co (NYSE:KO) 1.38%.
Communication Services Select Sector SPDR Fund (NYSE:XLC) +0.43%
Among the sector’s large-cap names, Netflix Inc (NASDAQ:NFLX) is up 2.20%, The Walt Disney Co (NYSE:DIS) 0.92% and Alphabet Inc (NASDAQ:GOOGL) 0.22%.
Middle Of The Pack
- Materials Select Sector SPDR Fund (NYSE:XLB) -0.03%
- Industrial Select Sector SPDR Fund (NYSE:XLI) -0.17%
- Consumer Discretionary Select Sector SPDR Fund (NYSE:XLY) -0.24%
- Financial Select Sector SPDR Fund (NYSE:XLF) -0.33%
- Utilities Select Sector SPDR Fund (NYSE:XLU) -0.37%
Lagging Sectors
Technology Select Sector SPDR Fund (NYSE:XLK) -0.46%
Among the sector’s large-cap names, Oracle Corp (NYSE:ORCL) is down 1.65%, Broadcom Inc (NASDAQ:AVGO) 1.40% and NVIDIA Corp (NASDAQ:NVDA) 0.38%.
Real Estate Select Sector SPDR Fund (NYSE:XLRE) -0.56%
Among the sector’s large-cap names, Equinix Inc (NASDAQ:EQIX) is down 2.05%, American Tower Corp (NYSE:AMT) 0.62% and Prologis Inc (NYSE:PLD) 0.35%.
Health Care Select Sector SPDR Fund (NYSE:XLV) -1.93%
Among the sector’s large-cap names, Eli Lilly and Co (NYSE:LLY) is down 3.81%, Johnson & Johnson (NYSE:JNJ) 2.29% and Merck & Co Inc (NYSE:MRK) 2.20%.
Cross-Sector Takeaway
The 4.72-point spread between Energy and Health Care is more than four times the largest move among the major averages, which are down between 0.24% and 0.87%. Those index losses mask a session where leadership is concentrated in Energy and Consumer Staples. Defensives are not holding up better — Utilities sits fourth from the bottom and Health Care is last — so the selling looks broad rather than rotational.