Eight sectors are higher and three are lower in Thursday’s regular session, with defensive sectors holding two of the top three positions. The leaders are separated rather than clustered, with Health Care ahead of the next group.
| Sector | Ticker | Price | Change |
|---|---|---|---|
| Health Care | XLV | 183.44 | +2.06% |
| Real Estate | XLRE | 42.86 | +1.73% |
| Financials | XLF | 57.08 | +1.69% |
| Utilities | XLU | 43.16 | +1.58% |
| Consumer Staples | XLP | 87.72 | +1.00% |
| Consumer Discretionary | XLY | 116.31 | +0.84% |
| Industrials | XLI | 169.90 | +0.83% |
| Materials | XLB | 52.29 | +0.82% |
| Energy | XLE | 68.41 | -0.07% |
| Technology | XLK | 188.40 | -1.37% |
| Communication Services | XLC | 101.18 | -1.91% |
Prices as of 11:00 a.m. ET; quotes delayed 15 minutes.
Market Snapshot
The major averages are mixed, with the State Street SPDR S&P 500 ETF Trust (NYSE:SPY) down 0.46% and the Invesco QQQ Trust, Series 1 (NASDAQ:QQQ) down 1.52%, while the State Street SPDR Dow Jones Industrial Average ETF Trust (NYSE:DIA) is down 0.37% and the iShares Russell 2000 Index Fund (NYSE:IWM) is up 0.99%. Nine of the 11 sectors are outpacing the S&P 500, with small caps moving higher as the large-cap benchmarks trade lower.
Leading Sectors
Health Care Select Sector SPDR Fund (NYSE:XLV) +2.06%
Among the sector’s large-cap names, Eli Lilly and Co (NYSE:LLY) is up 6.43%, Merck & Co Inc (NYSE:MRK) 4.97% and AbbVie Inc (NYSE:ABBV) 1.38%.
Real Estate Select Sector SPDR Fund (NYSE:XLRE) +1.73%
Among the sector’s large-cap names, Equinix Inc (NASDAQ:EQIX) is up 4.28%, Simon Property Group Inc (NYSE:SPG) 1.89% and Prologis Inc (NYSE:PLD) 1.76%.
Financial Select Sector SPDR Fund (NYSE:XLF) +1.69%
Among the sector’s large-cap names, Mastercard Inc (NYSE:MA) is up 4.74%, Visa Inc (NYSE:V) 2.46% and Bank of America Corp (NYSE:BAC) 2.26%.
Middle Of The Pack
- Utilities Select Sector SPDR Fund (NYSE:XLU) +1.58%
- Consumer Staples Select Sector SPDR Fund (NYSE:XLP) +1.00%
- Consumer Discretionary Select Sector SPDR Fund (NYSE:XLY) +0.84%
- Industrial Select Sector SPDR Fund (NYSE:XLI) +0.83%
- Materials Select Sector SPDR Fund (NYSE:XLB) +0.82%
Lagging Sectors
Energy Select Sector SPDR Fund (NYSE:XLE) -0.07%
Among the sector’s large-cap names, EOG Resources Inc (NYSE:EOG) is down 0.30%, SLB Ltd (NYSE:SLB) 0.13% and ConocoPhillips (NYSE:COP) 0.01%.
Technology Select Sector SPDR Fund (NYSE:XLK) -1.37%
Among the sector’s large-cap names, Oracle Corp (NYSE:ORCL) is down 2.75%, Broadcom Inc (NASDAQ:AVGO) 2.61% and Microsoft Corp (NASDAQ:MSFT) 1.83%.
Communication Services Select Sector SPDR Fund (NYSE:XLC) -1.91%
Among the sector’s large-cap names, Alphabet Inc (NASDAQ:GOOGL) is down 12.41% and Netflix Inc (NASDAQ:NFLX) 0.23%.
Cross-Sector Takeaway
The 3.97-point spread between Health Care and Communication Services is more than twice the largest move among the major averages, which span from down 1.52% to up 0.99%. Those mixed index moves mask a session where leadership is concentrated in Health Care, Real Estate and Financials. Defensives are holding up better — Health Care sits at the top of the table and Utilities ranks fourth — which gives the session a rotational look.
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