XLI - Communications Energy Are 2024's Sector Leaders For U.S. Stocks

2024-05-07 14:25:00 ET

Summary

• The upside momentum in the US stock market so far this year continues to be led by rallies in communications services and energy shares, based on a set of ETFs through Monday’s close.
• Communication Services Select Sector SPDR Fund and Energy Select Sector SPDR Fund are tied for first place in 2024’s performance run.
• All but one of the primary equity sectors are sitting on year-to-gain gains - increases either match the broad market’s rally via SPY or fall short.

The upside momentum in the US stock market so far this year continues to be led by rallies in communications services and energy shares, based on a set of ETFs through Monday’s close (May 6). Both sectors are outperforming the broad market and their counterparts....

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