As of midday Tuesday, the Technology & Communications sector is experiencing a 0.1% decline, with Ansys Inc. (ANSS) and KLA Corp (KLAC) leading the losses at 4.7% and 4.6%, respectively. The Technology Select Sector SPDR ETF (XLK) is down 0.9% for the day but has risen 11.69% year-to-date. Ansys is up 10.96% year-to-date, while KLA shows a significant 42.57% increase this year. Together, both companies account for approximately 1.5% of XLK’s holdings.
The Industrial sector is also underperforming, with a modest 0.3% gain. MSCI Inc. (MSCI) and Lockheed Martin Corp (LMT) are notable laggards within this group, declining 8.6% and 8.4%, respectively. The Industrial Select Sector SPDR ETF (XLI) is up 0.1% today and 15.13% year-to-date. MSCI has fallen 11.34% year-to-date, while Lockheed Martin is down 11.83%, contributing roughly 1.9% to XLI’s holdings.
