Amidst the midday hustle of Wednesday trading, the Utilities sector stands tall as the best performer, boasting a 0.4% increase. Within this sector, Vistra Corp (VST) and Constellation Energy Corp (CEG) have emerged as the day’s stars, clocking gains of 2.6% and 2.3%, respectively. Excitement pulses within the domain of utilities ETFs, where the Utilities Select Sector SPDR ETF (XLU) displays a 0.6% uptick for the day and an impressive 22.66% surge year-to-date. Vistra Corp shines brightly, boasting a staggering 102.77% rise this year, while Constellation Energy Corp follows suit with a commendable 56.56% climb. Together, these two powerhouses, VST and CEG, hold sway over approximately 6.9% of XLU’s underlying assets.
The Technology & Communications sector follows closely behind, flaunting a 0.1% uptick in performance. Among the sector’s heavyweights, Seagate Technology Holdings PLC (STX) and Advanced Micro Devices Inc (AMD) steal the spotlight with gains of 4.0% and 3.6%, respectively. Keeping pace with these developments, the Technology Select Sector SPDR ETF (XLK) reveals a 0.3% surge in midday trading and a solid 9.90% rise year-to-date. While Seagate Technology Holdings PLC glows with a 19.50% climb this year, Advanced Micro Devices Inc sees a stumble, down 3.76% over the same period. Together, STX and AMD account for around 2.7% of XLK’s underlying equity.
When comparing these stocks and ETFs over the last twelve months, a relative stock price performance chart delineates their trajectories, each symbol represented in a distinct color as annotated in the legend below.
Additionally, a glimpse into the S&P 500 components within various sectors showcases the ebb and flow of the market on this Wednesday afternoon. While two sectors experience an upswing, a total of seven sectors witness a downturn.
| Sector | % Change |
|---|---|
| Utilities | +0.4% |
| Technology & Communications | +0.1% |
| Industrial | -0.1% |
| Consumer Products | -0.2% |
| Financial | -0.4% |
| Materials | -0.4% |
| Services | -0.7% |
| Healthcare | -0.8% |
| Energy | -1.0% |
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