Market News Video

Tuesday Sector Leaders: Materials, Financial

By Market News Video Staff, Tuesday, May 4, 2:41 PM ET

In afternoon trading on Tuesday, Materials stocks are the best performing sector, higher by 1.0%. Within that group, Sealed Air Corp (NYSE:SEE) and Nucor Corp. (NYSE:NUE) are two large stocks leading the way, showing a gain of 8.3% and 4.8%, respectively. Among the high volume ETFs, one ETF closely following materials stocks is the Materials Select Sector SPDR ETF (NYSE:XLB), which is up 0.8% on the day, and up 17.79% year-to-date. Sealed Air Corp, meanwhile, is up 18.91% year-to-date, and Nucor Corp. is up 69.56% year-to-date. Combined, SEE and NUE make up approximately 3.6% of the underlying holdings of XLB.

The next best performing sector is the Financial sector, higher by 0.5%. Among large Financial stocks, Franklin Resources Inc (NYSE:BEN) and Vornado Realty Trust (NYSE:VNO) are the most notable, showing a gain of 6.5% and 4.8%, respectively. One ETF closely tracking Financial stocks is the Financial Select Sector SPDR ETF (XLF), which is up 0.5% in midday trading, and up 24.75% on a year-to-date basis. Franklin Resources Inc, meanwhile, is up 30.07% year-to-date, and Vornado Realty Trust is up 29.70% year-to-date. BEN makes up approximately 0.2% of the underlying holdings of XLF.

Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:

RediNews

Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Tuesday. As you can see, two sectors are up on the day, while six sectors are down.

Sector% Change
Materials+1.0%
Financial+0.5%
Industrial0.0%
Energy-0.1%
Consumer Products-0.4%
Utilities-0.5%
Healthcare-0.8%
Services-1.1%
Technology & Communications-2.0%


This Article's Word Cloud:   Among   Change   Combined   Communications   Comparing   Consumer   Corp   Dividend   ETFs   Energy   Financial   Franklin   Giants   Healthcare   Held   Here   Industrial   Materials   NYSE   Nucor   Realty   Resources   SPDR   Sealed   Sector   Select   Trust   Tuesday   Vornado   afternoon   approximately   basis   best   closely   date   gain   higher   holdings   large   meanwhile   performing   respectively   sector   sectors   showing   stocks   trading   underlying   which   year
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