Midday Market Update: Industrial Sector Leads with Notable Stocks
The Industrial sector leads midday trading on Monday, showing a gain of 0.3%. Delta Air Lines Inc (Symbol: DAL) and PayPal Holdings Inc (Symbol: PYPL) stand out within this sector, with their respective increases of 3.0% and 2.9%. The Industrial Select Sector SPDR ETF (Symbol: XLI), which tracks this sector, is up 0.4% for the day and has gained 2.87% year-to-date. However, Delta Air Lines has faced a 24.48% decline year-to-date, while PayPal Holdings is down 18.96% during the same period. Notably, DAL constitutes about 0.7% of the XLI’s underlying holdings.
Following closely is the Services sector, which has risen by 0.2%. Charter Communications Inc (Symbol: CHTR) and Expedia Group Inc (Symbol: EXPE) lead this group with gains of 3.6% and 2.9%, respectively. The iShares U.S. Consumer Services ETF (IYC), another relevant ETF, has dipped 0.2% in midday trading and is down 4.79% year-to-date. Yearly performances show Charter Communications up 16.33%, while Expedia Group is down 10.41%. EXPE accounts for approximately 0.3% of IYC’s underlying holdings.
To evaluate these stocks and ETFs over the trailing twelve months, a relative stock price performance chart is provided below, with each symbol color-coded for clarity:
Here’s a snapshot of the S&P 500 components within various sectors during the afternoon trading session on Monday. As observed, four sectors are currently experiencing gains, while five sectors show declines.
| Sector | % Change |
|---|---|
| Industrial | +0.3% |
| Services | +0.2% |
| Financial | +0.2% |
| Technology & Communications | +0.2% |
| Utilities | -0.1% |
| Consumer Products | -0.2% |
| Healthcare | -0.2% |
| Materials | -0.6% |
| Energy | -1.1% |
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
