Nine of 11 sectors are higher in Friday’s regular session, with cyclical sectors holding the top three positions. The leaders are separated rather than clustered, with no single gap clearly standing apart from the other breaks across the table.
| Sector | Ticker | Price | Change |
|---|---|---|---|
| Materials | XLB | 51.38 | +1.62% |
| Energy | XLE | 67.32 | +1.14% |
| Financials | XLF | 55.82 | +0.99% |
| Consumer Staples | XLP | 87.53 | +0.97% |
| Utilities | XLU | 42.02 | +0.90% |
| Industrials | XLI | 169.39 | +0.89% |
| Real Estate | XLRE | 42.25 | +0.61% |
| Consumer Discretionary | XLY | 114.06 | +0.57% |
| Health Care | XLV | 177.60 | +0.23% |
| Communication Services | XLC | 111.88 | -0.50% |
| Technology | XLK | 186.78 | -1.28% |
Prices as of 11:00 a.m. ET; quotes delayed 15 minutes.
Market Snapshot
The major averages are mixed in Friday trading. The State Street SPDR S&P 500 ETF Trust (NYSE:SPY) is down 0.06% and the Invesco QQQ Trust, Series 1 (NASDAQ:QQQ) 0.92%, while the State Street SPDR Dow Jones Industrial Average ETF Trust (NYSE:DIA) is up 0.42% and the iShares Russell 2000 Index Fund (NYSE:IWM) is down 0.28%. Sectors below are ranked against one another rather than grouped by direction, so a sector can be higher and still rank among the day’s laggards.
Leading Sectors
Materials Select Sector SPDR Fund (NYSE:XLB) +1.62%
Among the sector’s large-cap names, Newmont Corp (NYSE:NEM) is up 3.32%, Linde PLC (NASDAQ:LIN) 1.65% and Air Products and Chemicals Inc (NYSE:APD) 1.36%.
Energy Select Sector SPDR Fund (NYSE:XLE) +1.14%
Among the sector’s large-cap names, EOG Resources Inc (NYSE:EOG) is up 2.28%, SLB Ltd (NYSE:SLB) 2.09% and ConocoPhillips (NYSE:COP) 1.71%.
Financial Select Sector SPDR Fund (NYSE:XLF) +0.99%
Among the sector’s large-cap names, JPMorgan Chase & Co (NYSE:JPM) is up 2.29%, Bank of America Corp (NYSE:BAC) 1.40% and Berkshire Hathaway Inc. New Common Stock (NYSE:BRK) 1.00%.
Middle Of The Pack
- Consumer Staples Select Sector SPDR Fund (NYSE:XLP) +0.97%
- Utilities Select Sector SPDR Fund (NYSE:XLU) +0.90%
- Industrial Select Sector SPDR Fund (NYSE:XLI) +0.89%
- Real Estate Select Sector SPDR Fund (NYSE:XLRE) +0.61%
- Consumer Discretionary Select Sector SPDR Fund (NYSE:XLY) +0.57%
Lagging Sectors
Health Care Select Sector SPDR Fund (NYSE:XLV) +0.23%
Higher so far but the weakest of the advancing sectors. Among the sector’s large-cap names, Eli Lilly and Co (NYSE:LLY) is up 1.34%, Johnson & Johnson (NYSE:JNJ) 1.33% and Merck & Co Inc (NYSE:MRK) 0.88%.
Communication Services Select Sector SPDR Fund (NYSE:XLC) -0.50%
Among the sector’s large-cap names, Netflix Inc (NASDAQ:NFLX) is down 2.17%, Meta Platforms Inc (NASDAQ:META) 1.81% and Alphabet Inc (NASDAQ:GOOGL) 1.27%.
Technology Select Sector SPDR Fund (NYSE:XLK) -1.28%
Among the sector’s large-cap names, Oracle Corp (NYSE:ORCL) is down 2.91%, Broadcom Inc (NASDAQ:AVGO) 1.74% and Microsoft Corp (NASDAQ:MSFT) 0.92%.
Cross-Sector Takeaway
The 2.90-point spread between Materials and Technology is more than three times the largest move among the major averages, which range from down 0.92% to up 0.42%. Mixed major averages mask a session where leadership is concentrated in Materials, Energy and Financials. Defensives are split, with Consumer Staples near the top of the table and Health Care near the bottom.
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