In afternoon trading, financial stocks are up by 0.5%, with Apollo Global Management Inc (APO) and Blackstone Inc (BX) leading the way. The Financial Select Sector SPDR ETF (XLF) is also up by 0.5%, with APO and BX making up 2.5% of its holdings. In comparison, Tesla Inc (TSLA) and J.M. Smucker Co. (SJM) in the Consumer Products sector are up by 2.9% and 2.0%, respectively.

A snapshot of S&P 500 components shows that six sectors are up, including Financial and Consumer Products, while two sectors are down. ETFs tracking these sectors are performing well, with the Financial Select Sector SPDR ETF (XLF) up by 8.08% year-to-date and the iShares U.S. Consumer Goods ETF (IYK) up by 7.40% year-to-date. The overall market is showing positive momentum, with insiders buying into certain stocks and ETFs.

Read more at Nasdaq: Wednesday Sector Leaders: Financial, Consumer Products