8 Of 11 Sectors Fall In Friday Trading As Energy Leads

Three sectors are higher and eight are lower in Friday’s regular session, with Energy, Technology and Real Estate holding the top three positions across different market groups. The leaders are separated rather than clustered, with Energy well ahead of the other two.

Prices as of 11:00 a.m. ET; quotes delayed 15 minutes.

Market Snapshot

The major averages are mixed, with the State Street SPDR S&P 500 ETF Trust (NYSE:SPY) down 0.15% and the Invesco QQQ Trust, Series 1 (NASDAQ:QQQ) up 0.56%, while the State Street SPDR Dow Jones Industrial Average ETF Trust (NYSE:DIA) is down 0.96% and the iShares Russell 2000 Index Fund (NYSE:IWM) 0.35%. Three of the 11 sectors outpace the S&P 500.

Leading Sectors

Energy Select Sector SPDR Fund (NYSE:XLE) +2.49%

Among the sector’s large-cap names, SLB Ltd (NYSE:SLB) is up 5.95%, ConocoPhillips (NYSE:COP) 4.29% and EOG Resources Inc (NYSE:EOG) 3.53%.

Technology Select Sector SPDR Fund (NYSE:XLK) +0.97%

Among the sector’s large-cap names, Broadcom Inc (NASDAQ:AVGO) is up 1.14%, Oracle Corp (NYSE:ORCL) 1.10% and Microsoft Corp (NASDAQ:MSFT) 0.82%.

Real Estate Select Sector SPDR Fund (NYSE:XLRE) +0.31%

Among the sector’s large-cap names, American Tower Corp (NYSE:AMT) is up 4.49% and Public Storage (NYSE:PSA) 0.16%, while Simon Property Group Inc (NYSE:SPG) is down 0.08%.

Middle Of The Pack

• Materials Select Sector SPDR Fund (NYSE:XLB) -0.54%
• Communication Services Select Sector SPDR Fund (NYSE:XLC) -0.81%
• Utilities Select Sector SPDR Fund (NYSE:XLU) -0.83%
• Health Care Select Sector SPDR Fund (NYSE:XLV) -0.99%
• Financial Select Sector SPDR Fund (NYSE:XLF) -1.06%

Lagging Sectors

Industrial Select Sector SPDR Fund (NYSE:XLI) -1.26%

Among the sector’s large-cap names, GE Aerospace (NYSE:GE) is down 2.27%, Caterpillar Inc (NYSE:CAT) 2.26% and Union Pacific Corp (NYSE:UNP) 1.69%.

Consumer Discretionary Select Sector SPDR Fund (NYSE:XLY) -1.33%

Among the sector’s large-cap names, The Home Depot Inc (NYSE:HD) is down 2.62%, McDonald’s Corp (NYSE:MCD) 1.88% and Nike Inc (NYSE:NKE) 1.75%.

Consumer Staples Select Sector SPDR Fund (NYSE:XLP) -1.64%

Among the sector’s large-cap names, PepsiCo Inc (NASDAQ:PEP) is down 2.19%, Coca-Cola Co (NYSE:KO) 2.02% and Procter & Gamble Co (NYSE:PG) 1.76%.

Cross-Sector Takeaway

The 4.13-point spread between Energy and Consumer Staples is more than four times the largest move among the major averages, which range from a 0.96% decline to a 0.56% gain. The mixed index performance masks a session where the wide sector spread shows how differently groups are performing. Defensives are not holding up better — Consumer Staples sits at the bottom of the table and Utilities is sixth from the top — so the selling looks broad rather than rotational.