Monday Sector Leaders: Technology & Communications, Services

Published 2 months ago Positive
Monday Sector Leaders: Technology & Communications, Services
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The best performing sector as of midday Monday is the Technology & Communications sector, up 0.8%. Within that group, Dayforce Inc (Symbol: DAY) and First Solar Inc (Symbol: FSLR) are two of the day's stand-outs, showing a gain of 27.0% and 9.6%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is flat on the day on the day, and up 14.57% year-to-date. Dayforce Inc, meanwhile, is down 7.55% year-to-date, and First Solar Inc is up 24.29% year-to-date. FSLR makes up approximately 0.2% of the underlying holdings of XLK.

The next best performing sector is the Services sector, higher by 0.2%. Among large Services stocks, The Trade Desk Inc (Symbol: TTD) and lululemon athletica inc (Symbol: LULU) are the most notable, showing a gain of 5.9% and 3.9%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF (IYC), which is up 0.4% in midday trading, and up 7.59% on a year-to-date basis. The Trade Desk Inc, meanwhile, is down 53.05% year-to-date, and lululemon athletica inc, is down 46.09% year-to-date. Combined, TTD and LULU make up approximately 0.7% of the underlying holdings of IYC.

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, four sectors are up on the day, while four sectors are down. Sector% ChangeTechnology & Communications+0.8%Services+0.2%Industrial+0.2%Healthcare+0.1%Consumer Products-0.0%Financial-0.1%Materials-0.1%Utilities-0.5%Energy-0.5%

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