Growth and Performance in Materials, Technology & Communications Sectors Growth and Performance in Materials, Technology & Communications Sectors

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Materials Sector Thriving

The Materials sector is leading the charge halfway through Thursday’s trading session, boasting a 1.2% uptick. Albemarle Corp. (ALB) and Newmont Corp (NEM) are spearheading this surge by showcasing gains of 5.0% and 4.8%, respectively. In the realm of high-volume ETFs, the Materials Select Sector SPDR ETF (XLB) mirrors this upward trajectory, reporting a 0.7% surge today and a 2.31% increase year-to-date. Conversely, ALB is down by 4.00% year-to-date, while NEM is facing a 24.37% dip in the same timeframe. Together, ALB and NEM account for around 5.1% of the underlying holdings of XLB.

Technology & Communications Sector Rise

The Technology & Communications sector follows closely behind, enjoying a 1.1% surge. Enphase Energy Inc. (ENPH) and Advanced Micro Devices Inc (AMD) shine the brightest among the large stocks in this sector, with gains of 7.8% and 7.7%, respectively. Tracking these stocks is the Technology Select Sector SPDR ETF (XLK), climbing by 0.8% today and posting a 7.20% increase year-to-date. While ENPH has seen a 2.85% dip year-to-date, AMD is thriving with a 28.93% increase in the same period. Combining ENPH and AMD, these stocks make up approximately 3.2% of the underlying holdings of XLK.

Stock Performance Overview

On a trailing twelve-month basis, the relative stock price performance chart below illustrates each symbol in distinct colors, aiding in clear differentiation of trends and trajectories:


Observing the S&P 500 components within various sectors this Thursday afternoon, eight sectors are reveling in an upsurge, while one sector finds itself navigating a downturn.

Sector % Change
Materials +1.2%
Technology & Communications +1.1%
Energy +0.7%
Consumer Products +0.6%
Services +0.6%
Financial +0.5%
Utilities +0.4%
Industrial +0.4%
Healthcare -0.4%

nslideshow25 Dividend Giants Widely Held By ETFs Β»

Also see:

Β• Edison Intl Historical PE Ratio
Β• TLYS Options Chain
Β• COTV Historical Stock Prices

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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