As the market unfolds this Monday afternoon, Technology & Communications stocks are leading the way, up by a modest 0.3%. Noteworthy standouts within this sector include Epam Systems, Inc. (EPAM) and Akamai Technologies Inc (AKAM), boasting gains of 3.9% and 3.0%, respectively. Tracking this momentum, the Technology Select Sector SPDR ETF (XLK) is also on the rise, marking a 0.6% increase today and a 7.55% rise year-to-date. In contrast, EPAM is down 35.93% year-to-date, and AKAM is down by 20.63% in the same period. The combined weight of EPAM and AKAM in XLK stands modestly at around 0.3%.
Shifting our gaze, the Consumer Products sector is not far behind, showing a 0.1% uptick in performance. Ford Motor Co. (F) and Tapestry Inc (TPR) take the spotlight in this sector with gains of 3.1% and 2.5%, respectively. For those tracking Consumer Products, the iShares U.S. Consumer Goods ETF (IYK) observes a slight dip of 0.1% in midday trading but remains notably up by 6.71% year-to-date. Ford Motor Co. shows a 5.37% increase since the beginning of the year, while Tapestry Inc impresses with a 12.52% rise year-to-date.
Comparing these stocks and ETFs over the past year, below is a relative stock price performance chart, with each symbol depicted in various colors as identified in the legend at the base.
An overview of S&P 500 components across different sectors reveals a mixed bag in afternoon trading on Monday. While three sectors boast gains, the remaining three exhibit decreases.
| Sector | % Change |
|---|---|
| Technology & Communications | +0.3% |
| Consumer Products | +0.1% |
| Healthcare | +0.1% |
| Utilities | -0.0% |
| Industrial | -0.0% |
| Materials | 0.0% |
| Services | -0.1% |
| Financial | -0.1% |
| Energy | -0.4% |
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Further Reading:
• Earnings History
• DNLI market cap history
• Institutional Holders of FUTY