Energy Stocks Lead Market Gains in Wednesday Trading
On Wednesday afternoon, energy stocks emerged as the best-performing sector, rising by 1.4%. Among the notable contributors, Targa Resources Corp (Symbol: TRGP) and Williams Cos Inc (Symbol: WMB) showcased robust gains of 3.5% and 3.1%, respectively. An ETF tracking this sector, the Energy Select Sector SPDR ETF (Symbol: XLE), increased by 1.1% today and has risen 3.10% year-to-date. Targa Resources Corp has recorded a year-to-date gain of 5.46%, while Williams Cos Inc has risen 4.67% in the same timeframe. Together, TRGP and WMB account for roughly 7.5% of XLE’s underlying holdings.
The Technology & Communications sector followed, increasing by 0.4%. Micron Technology Inc. (Symbol: MU) and Palantir Technologies Inc (Symbol: PLTR) stood out within this category, gaining 7.3% and 5.8%, respectively. The Technology Select Sector SPDR ETF (XLK), which reflects this sector, is up 1.2% in midday trading, although it is down 9.28% year-to-date. In contrast, year-to-date, Micron Technology Inc. has advanced by 13.55%, and Palantir Technologies Inc has seen a rise of 9.14%. Collectively, MU and PLTR comprise approximately 3.3% of XLK’s holdings.
The following section compares these stocks and ETFs based on their trailing twelve-month performance. Below is a relative stock price performance chart, with each symbol marked in distinct colors labeled in the legend at the bottom:
Here’s a snapshot of the S&P 500 components across various sectors during Wednesday’s afternoon trading. As observed, three sectors are showing gains while six sectors are in the red:
| Sector | % Change |
|---|---|
| Energy | +1.4% |
| Technology & Communications | +0.4% |
| Utilities | +0.1% |
| Financial | -0.1% |
| Industrial | -0.3% |
| Materials | -0.3% |
| Healthcare | -1.1% |
| Services | -1.2% |
| Consumer Products | -1.3% |
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Also see:
Stock market game
MULE Historical Stock Prices
PAGS market cap history
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
