News

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

02 May
Friday Sector Leaders: Industrial, Financial

Looking at the sectors faring best as of midday Friday, shares of Industrial companies are outperforming other sectors, higher by 2.2%. Within the sector, United Airlines Holdings Inc (Symbol: UAL) and Delta Air Lines Inc (Symbol: DAL) are two large stocks leading the way, showing a gain of 8.6% and 7.5%, respectively. Among industrial ETFs, one ETF following the sector is the Industrial Select Sector SPDR ETF (Symbol: XLI), which is up 2.1% on the day, and up 2.71% year-to-date. United Airlines Holdings Inc, meanwhile, is down 22.67% year-to-date, and Delta Air Lines Inc, is down 26.03% year-to-date. Combined, UAL and DAL make up approximately 1.3% of the underlying holdings of XLI.

The next best performing sector is the Financial sector, higher by 2.1%. Among large Financial stocks, Franklin Resources Inc (Symbol: BEN) and Discover Financial Services (Symbol: DFS) are the most notable, showing a gain of 6.8% and 4.8%, respectively. One ETF closely tracking Financial stocks is the Financial Select Sector SPDR ETF (XLF), which is up 2.1% in midday trading, and up 3.32% on a year-to-date basis. Franklin Resources Inc, meanwhile, is up 0.20% year-to-date, and Discover Financial Services is up 10.85% year-to-date. Combined, BEN and DFS make up approximately 0.8% 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:

Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Friday. As you can see, nine sectors are up on the day, while none of the sectors are down.

Sector% Change
Industrial+2.2%
Financial+2.1%
Technology & Communications+2.0%
Materials+1.7%
Services+1.6%
Energy+1.5%
Healthcare+1.3%
Consumer Products+1.0%
Utilities+0.6%

25 Dividend Giants Widely Held By ETFs »

Also see:

RTRX Price Target
DSWL shares outstanding history
HRS Insider Buying

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

х
Risk warning: Trading on financial markets carries risks. The value of the investments can both increase and decrease and the investors may lose all their investment capital. In case of a leveraged product, the loss may be more than the initial capital invested. Detailed information on risks associated with trading on financial markets can be found in General Terms and Conditions for the Provision of Investment Services.