As the trading day unwound on Monday, the Technology & Communications sector held its ground as the top-performing sector, boasting a 0.3% increase. Epam Systems, Inc. (EPAM) and Akamai Technologies Inc (AKAM) emerged as the stars of the day, showcasing gains of 3.9% and 3.0%, respectively. Meanwhile, within the realm of technology ETFs, the Technology Select Sector SPDR ETF (XLK) displayed a 0.6% uptick for the day, translating to a solid 7.55% year-to-date growth. However, Epam Systems, Inc. experienced a notable 35.93% decrease year-to-date, while Akamai Technologies Inc faced a 20.63% dip in the same period. Together, EPAM and AKAM constitute approximately 0.3% of the underlying holdings of XLK.
Running a parallel race, the Consumer Products sector followed closely behind, registering a 0.1% increase. Among the sector’s behemoths, Ford Motor Co. (F) and Tapestry Inc (TPR) stood out, demonstrating gains of 3.1% and 2.5%, respectively. Tracking the performance of Consumer Products stocks is the iShares U.S. Consumer Goods ETF (IYK), which saw a minor decline of 0.1% in midday trading, yet retained a commendable 6.71% year-to-date growth. In the same vein, Ford Motor Co. showed a 5.37% increase year-to-date, while Tapestry Inc saw an impressive 12.52% growth in that period.
Examining the trailing twelve-month timeline of these stocks and ETFs unveils a relative stock price performance chart, with each symbol distinguished by a unique color, described in the legend at the bottom.
Steering the discussion towards the broader market landscape, we note the S&P 500 components across various sectors performing differently as Monday progresses. Today’s winners include the Technology & Communications, Consumer Products, and Healthcare sectors, each displaying positive movement. However, the Utilities, Industrial, and Materials sectors remain stagnant, with a 0.0% change. Conversely, the Services, Financial, and Energy sectors witnessed a downtrend, with losses of 0.1% and 0.4%, respectively.
| 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% |
Additional Resources:
Earnings History
DNLI market cap history
Institutional Holders of FUTY
