Sector Spotlight: March 30th, 2012 (XLY, XLK, XLI, XLB, XLE, XLP, XLV, XLU, XLF)
Every Sector with the exception of the Tech Sector performed well today to close out Q1 2012
Today’s improved sectors were led by the Energy Select Sector SPDR Fund ETF (NYSEARCA:XLE) which gained .81%. The increase in the energy sector was likely a result of continued talks about Iranian oil sanctions.
The overall sector improvement can likely be attributed to the last day of a meteoric first quarter and anticipation for a successful second quarter, alongside approval for today’s mixed but relatively positive US economic reports.
Sector ETF Update:
Consumer Discretionary Select Sector SPDR Fund ETF (NYSEARCA:XLY): +.45%, This ETF tracks the Consumer Discretionary Select Sector Index which includes media, retail, hotels, leisure, and restaurants.
Sector SPDR Trust SBI Interest ETF (NYSEARCA:XLK): -.30%, This ETF tracks the Technology Select Sector of the S&P 500 Index which includes companies in computers, semiconductors, telecommunications, and wireless.
Industrial Select Sector SPDR Fund ETF (NYSEARCA:XLI): +.44%, This ETF tracks the Industrial Select Sector Index which consists of aerospace, industrial, rail, airfreight, and construction and engineering.
Materials Select Sector SPDR Fund ETF (NYSEARCA:XLB): +.35%, This ETF tracks the Materials Select Sector Index including chemicals, metals and mining, packaging, and construction materials.
Energy Select Sector SPDR Fund ETF (NYSEARCA:XLE): +.81%, This ETF tracks the Energy Select Sector Index, including oil and gas, energy equipment, and energy services.
Consumer Staples Select Sector SPDR Fund ETF (NYSEARCA:XLP): +.61%, This ETF tracks the Consumer Staples Select Sector Index in sub-sectors including food products, household products, tobacco, and beverages.
Health Care Select Sector SPDR Fund ETF (NYSEARCA:XLV): +.75%, This ETF tracks the S&P Health Care Select Sector Index and focuses on pharmaceutical companies, healthcare providers and equipment and biotechnology.
Select Sector Utilities Select Sector SPDR Fund ETF (NYSEARCA:XLU): +.55%, This ETF tracks the Utilities Select Sector of the S&P 500 Index and includes power companies, energy traders, electric utilities and gas utility companies.
Financial Select Sector SPDR Fund ETF (NYSEARCA:XLF): +.54%, This ETF tracks the Financial Select Sector Index which follows commercial banks, insurance consumer finance, mortgage finance, and real estate.
Bottom Line: The Energy sector took the cake today with a .81% increase, while the remaining sectors rose likely due to Q1/Q2 anticipation and a relatively positive day for US economic reports.
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