In midday trading on Friday, Materials companies are leading, with Builders FirstSource Inc. (BLDR) and Mohawk Industries, Inc. (MHK) up 8.0% and 7.2%, respectively. The Materials Select Sector SPDR ETF (XLB) is up 2.0% on the day and 10.58% year-to-date.

The Technology & Communications sector is also performing well, with Enphase Energy Inc. (ENPH) and Coinbase Global Inc (COIN) up 10.0% and 6.7%. The Technology Select Sector SPDR ETF (XLK) is up 1.6% and 13.44% year-to-date.

Nine sectors are up on Friday, with Materials leading at +2.8%, followed by Technology & Communications at +2.2%. Other sectors include Industrial, Energy, Services, Financial, Consumer Products, Healthcare, and Utilities showing positive gains. No sectors are down for the day.

Read more at Nasdaq: Friday Sector Leaders: Materials, Technology & Communications