Midweek Market Insights: Leading Sectors in Consumer Products and Industry

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As of midday Wednesday, shares in the Consumer Products sector saw a 0.9% increase, with LKQ Corp (LKQ) up 5.1% and PepsiCo Inc (PEP) up 3.3%. The iShares U.S. Consumer Goods ETF (IYK) is also up 0.5% today and has gained 3.92% year-to-date. LKQ Corp is down 16.20% year-to-date, while PepsiCo Inc is up 1.92%. PepsiCo constitutes approximately 8.8% of IYK’s holdings.

The Industrial sector is up 0.8%, led by GE Vernova Inc (GEV), which has surged 14.6%, and Axon Enterprise Inc (AXON), gaining 3.4%. The Industrial Select Sector SPDR ETF (XLI) reflects a 0.8% increase today and a year-to-date gain of 18.40%. GE Vernova Inc’s year-to-date growth stands at 118.09%, while Axon Enterprise Inc is down 4.92%. Together, these two companies make up around 5.2% of XLI’s holdings.

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