As the market unfolded on Monday afternoon, the Technology & Communications domain surged ahead, boasting a 0.3% upturn. Notable contenders in this arena include Epam Systems, Inc. (Symbol: EPAM) and Akamai Technologies Inc (Symbol: AKAM), each showcasing impressive gains of 3.9% and 3.0%, respectively.
On the flip side, within the same realm, the Technology Select Sector SPDR ETF (Symbol: XLK) emerged as a frontrunner, soaring by 0.6% during the day and posting a solid 7.55% rise year-to-date. Interestingly, Epam Systems, Inc. displayed a marginal 35.93% downturn year-to-date, whereas Akamai Technologies Inc slipped by 20.63% over the same period. Collectively, the weightage of EPAM and AKAM in XLK hovered around 0.3%.
Transitioning to the next promising frontier, the Consumer Products sector caught the eye with a commendable 0.1% upsurge. Ford Motor Co. (Symbol: F) and Tapestry Inc (Symbol: TPR) were the prominent players in this sector, showcasing robust growth rates of 3.1% and 2.5%, respectively.
Delving deeper into the consumer realm, the iShares U.S. Consumer Goods ETF (IYK) has stood out despite dipping by 0.1% in midday trading, boasting a respectable 6.71% increase on a year-to-date basis. Ford Motor Co. has managed to hold steady with a 5.37% uptick year-to-date, while Tapestry Inc has surged impressively, posting a striking 12.52% rise over the same period.
Reflecting on the performance of these stocks and ETFs over a trailing twelve month period, a comparative stock price performance chart illustrates their trajectories, with each symbol graphically distinguished by a unique color on the legend.
Turning attention to the broader market dynamics, the S&P 500 components across various sectors showcased a mixed performance in afternoon trading on Monday. Three sectors enjoyed an uptick, while three witnessed a downturn.
| Sector | % Change |
|---|---|
| Technology & Communications | +0.3% |
| Consumer Products | +0.1% |
| Healthcare | +0.1% |
| Utilities | -0.0% |
| Industrial | -0.0% |
| Materials | 0.0% |
| Services | -0.1% |
| Financial | -0.1% |
| Energy | -0.4% |
