Sector Watch: Energy Leads With 1.43% Gain as Technology Trails
Energy rose 1.43% and Consumer Staples 1.18% on Oct. 12, while Technology fell 1.22%, a 2.65-point gap between the best and worst sector funds.
Sector performance diverged on Monday, Oct. 12. The Energy fund XLE rose 1.43% to 66.01, the best result among the 11 SPDR sector funds, while Technology (XLK) fell 1.22% to 196.36, the weakest. The gap between the two was 2.65 percentage points. Eight sectors finished higher and three lower.
Defensive sectors were among the leaders. Consumer Staples (XLP) gained 1.18% to 84.41, Real Estate (XLRE) rose 0.75% to 41.92, Health Care (XLV) added 0.69% to 171.99 and Utilities (XLU) climbed 0.53% to 41.63. Communication Services (XLC) rose 0.97% to 111.45, and Financials (XLF) gained 0.59% to 55.05. Materials (XLB) was nearly unchanged, up 0.02%.
On the downside, Consumer Discretionary (XLY) fell 0.51% to 112.27, and Industrials (XLI) slipped 0.06% to 169.15.
The energy fund's gain came alongside a 2.06% rise in WTI crude futures to $93.74. CNBC later reported “Oil prices fall as traders assess Russian diesel supply prospects and Saudi-Houthi conflict.”
Among individual large caps, ORCL fell 2.84%, CSCO lost 2.58%, AMD declined 2.28%, AVGO slipped 1.88% and ADBE fell 1.71%, making up the day's five largest large-cap decliners. Reuters reported “Nvidia's China AI-chip share falls as Huawei closes gap, report finds.” Among gainers, META rose 3.38% and VZ added 2.71%.
At the index level, QQQ fell 0.70% while DIA rose 0.35%, and SPY ended little changed, down 0.06%.
Data
| Sector ETF | Close | Change |
|---|---|---|
| XLE (Energy) | 66.01 | +1.43% |
| XLP (Consumer Staples) | 84.41 | +1.18% |
| XLC (Communication Services) | 111.45 | +0.97% |
| XLRE (Real Estate) | 41.92 | +0.74% |
| XLV (Health Care) | 171.99 | +0.69% |
| XLF (Financials) | 55.05 | +0.58% |
| XLU (Utilities) | 41.63 | +0.53% |
| XLB (Materials) | 49.44 | +0.02% |
| XLI (Industrials) | 169.15 | -0.06% |
| XLY (Consumer Discretionary) | 112.27 | -0.51% |
| XLK (Technology) | 196.36 | -1.22% |
Data: FMP, FRED. Figures are close-to-close unless stated.
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Neutral market summary for information only; not investment advice.
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