News

We provide the latest news
from the world of economics and finance

13 May
Monday Sector Leaders: Technology & Communications, Consumer Products

In afternoon trading on Monday, Technology & Communications stocks are the best performing sector, higher by 0.3%. Within that group, Epam Systems, Inc. (Symbol: EPAM) and Akamai Technologies Inc (Symbol: AKAM) are two of the day's stand-outs, showing a gain of 3.9% and 3.0%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is up 0.6% on the day, and up 7.55% year-to-date. Epam Systems, Inc., meanwhile, is down 35.93% year-to-date, and Akamai Technologies Inc, is down 20.63% year-to-date. Combined, EPAM and AKAM make up approximately 0.3% of the underlying holdings of XLK.

The next best performing sector is the Consumer Products sector, higher by 0.1%. Among large Consumer Products stocks, Ford Motor Co. (Symbol: F) and Tapestry Inc (Symbol: TPR) are the most notable, showing a gain of 3.1% and 2.5%, respectively. One ETF closely tracking Consumer Products stocks is the iShares U.S. Consumer Goods ETF (IYK), which is down 0.1% in midday trading, and up 6.71% on a year-to-date basis. Ford Motor Co., meanwhile, is up 5.37% year-to-date, and Tapestry Inc is up 12.52% year-to-date.

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:

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

Also see:

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