On Thursday afternoon trading, Energy stocks emerged as the leading sector, up 0.7%. EQT Corp (Symbol: EQT) and Expand Energy Corp (Symbol: EXE) each gained 2.0%. The Energy Select Sector SPDR ETF (Symbol: XLE) rose 0.5% on the day and 6.37% year-to-date, with EQT up 14.58% YTD and EXE up 0.28% YTD, collectively making up 3.7% of XLE’s holdings.
The Technology & Communications sector followed closely, increasing by 0.6%. Datadog Inc (Symbol: DDOG) and ServiceNow Inc (Symbol: NOW) posted gains of 6.6% and 4.8%, respectively. The Technology Select Sector SPDR ETF (XLK) also rose 0.7%, with a 14.87% gain year-to-date. Despite this, DDOG and NOW are down 1.75% and 12.23% YTD, accounting for approximately 2.0% of XLK’s holdings.
Overall, two sectors advanced while six declined during Thursday’s trading. The performance highlights a diverse market landscape, providing insight into sector-specific movements.
