The Consumer Products sector is leading the market charge, up 0.6% by midday Tuesday. Notably, Conagra Brands Inc (CAG) and General Mills Inc (GIS) are driving this surge, with gains of 4.5% and 2.6% respectively. Investors following this sector may be eyeing the iShares U.S. Consumer Goods ETF (IYK), which is up 0.9% on the day and has seen a 1.76% increase year-to-date. Comparatively, Conagra Brands Inc is up 0.38% year-to-date, and General Mills Inc is up 1.90%.
Shifting the spotlight, the Utilities sector is also gaining momentum, clocking a 0.1% rise. Notable stocks in this segment include Pinnacle West Capital Corp (PNW) and PG&E Corp (PCG) showing a gain of 1.6% and 1.3% respectively. The Utilities Select Sector SPDR ETF (XLU) is also reflecting the positive trend, up 0.2% in midday trading. However, on a year-to-date basis, XLU is down 3.16%. Pinnacle West Capital Corp has faced a 2.71% decrease year-to-date, while PG&E Corp is down 7.68%.
It is essential to look at the larger picture and compare these stocks and ETFs on a trailing twelve-month basis. The snapshot of S&P 500 components within the various sectors in afternoon trading on Tuesday reveals that two sectors are up for the day, while five sectors are down.
| Sector | % Change |
|---|---|
| Consumer Products | +0.6% |
| Utilities | +0.1% |
| Healthcare | 0.0% |
| Financial | 0.0% |
| Services | -0.1% |
| Industrial | -0.5% |
| Materials | -0.6% |
| Energy | -0.9% |
| Technology & Communications | -1.0% |
Also see:
• NDRA market cap history
• OCEA shares outstanding history
• ARGT 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.
