Technology Sector Shines on Thursday with Notable Gains
The Technology & Communications sector is leading midday trading on Thursday, showing an impressive rise of 2.0%. Super Micro Computer Inc (Symbol: SMCI) and Arista Networks Inc (Symbol: ANET) stand out, with gains of 15.2% and 5.8%, respectively. In the realm of technology ETFs, the Technology Select Sector SPDR ETF (Symbol: XLK) is up 1.4% today, bringing its year-to-date increase to 22.38%. Year-to-date figures also show Super Micro Computer Inc up 4.57% and Arista Networks Inc up an impressive 71.41%. Collectively, both SMCI and ANET comprise around 1.2% of XLK’s holdings.
The Industrial sector is also performing well, up 1.6%. Among significant players, Deere & Co. (Symbol: DE) shows an 8.9% rise, while Intuit Inc (Symbol: INTU) is up 4.3%. The Industrial Select Sector SPDR ETF (XLI), which tracks this sector, is up 1.4% for the day, with a year-to-date increase of 24.72%. Year-to-date, Deere & Co. appreciates by 11.40%, and Intuit Inc sees a 9.12% increase. DE contributes approximately 2.5% to the XLI’s underlying holdings.
To further understand the performance of these stocks and ETFs, a relative stock price performance chart is included below, displaying each symbol in different colors as seen in the legend.
This snapshot captures the performance of the S&P 500 components from various sectors during the afternoon trading on Thursday. Notably, all nine sectors are up, and none are down.
| Sector | % Change |
|---|---|
| Technology & Communications | +2.0% |
| Industrial | +1.6% |
| Utilities | +1.3% |
| Financial | +1.3% |
| Materials | +1.2% |
| Energy | +1.2% |
| Consumer Products | +1.1% |
| Services | +0.9% |
| Healthcare | +0.8% |
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Also see:
● KPLT market cap history
● Institutional Holders of STNE
● PRSC Options Chain
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
