Market News Video

Thursday Sector Leaders: Energy, Technology & Communications

By Market News Video Staff, Thursday, August 18, 2:41 PM ET

In afternoon trading on Thursday, Energy stocks are the best performing sector, higher by 3.0%. Within that group, APA Corp (NASDAQ:APA) and Halliburton Company (NYSE:HAL) are two large stocks leading the way, showing a gain of 7.0% and 5.0%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (NYSE:XLE), which is up 2.5% on the day, and up 45.71% year-to-date. APA Corp, meanwhile, is up 35.16% year-to-date, and Halliburton Company is up 30.56% year-to-date. Combined, APA and HAL make up approximately 2.9% of the underlying holdings of XLE.

The next best performing sector is the Technology & Communications sector, up 0.8%. Among large Technology & Communications stocks, ON Semiconductor Corp (NASDAQ:ON) and Cisco Systems Inc (NASDAQ:CSCO) are the most notable, showing a gain of 8.4% and 5.9%, respectively. One ETF closely tracking Technology & Communications stocks is the Technology Select Sector SPDR ETF (XLK), which is up 0.6% in midday trading, and down 12.85% on a year-to-date basis. ON Semiconductor Corp, meanwhile, is up 9.04% year-to-date, and Cisco Systems Inc, is down 20.22% year-to-date. Combined, ON and CSCO make up approximately 2.4% of the underlying holdings of XLK.

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:

ETF Channel

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

Sector% Change
Energy+3.0%
Technology & Communications+0.8%
Utilities+0.3%
Materials+0.3%
Industrial+0.2%
Consumer Products0.0%
Services-0.4%
Financial-0.4%
Healthcare-0.7%


This Article's Word Cloud:   Among   CSCO   Change   Cisco   Combined   Communications   Company   Comparing   Consumer   Corp   Dividend   ETFs   Energy   Financial   Giants   Halliburton   Healthcare   Held   Here   Industrial   Materials   NYSE   SPDR   Sector   Select   Semiconductor   Systems   Technology   Thursday   afternoon   approximately   basis   best   date   down   gain   holdings   large   make   meanwhile   performing   respectively   sector   sectors   showing   stocks   trading   underlying   which   year
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