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:

25 Dividend Giants Widely Held By ETFs »

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.