Technology and Communications sector up 2%, Utilities up 1.1%, showing positive trend.

From Nasdaq: 2024-07-31 14:33:49

In afternoon trading, the Technology & Communications sector is up 2.0%, with Dayforce Inc (DAY) and NVIDIA Corp (NVDA) leading with gains of 12.5% and 10.6%. Technology Select Sector SPDR ETF (XLK) is up 3.5% and 13.20% year-to-date, while XLK contains around 20.1% NVDA holdings. Vistra Corp (VST) and Constellation Energy Corp (CEG) are up 15.4% and 11.6% in the Utilities sector. Utilities Select Sector SPDR ETF (XLU) is up 1.3% and 16.63% year-to-date, with VST and CEG making up 7.9% of XLU holdings.

S&P 500 components show Technology & Communications up 2.0%, Utilities up 1.1%, and Materials up 1.1% among other sectors in afternoon trading. Financial sector is down 0.2% on the day.

Comparing stocks and ETFs, the Technology & Communications sector and Utilities sector are performing well, with XLK and XLU showing positive gains. The S&P 500 components are also reflecting this positive trend in afternoon trading.



Read more at Nasdaq: Wednesday Sector Leaders: Technology & Communications, Utilities