At a glance
- The Technology Select Sector SPDR ETF (XLK) lost nearly 14% over the same six sessions, nearly triple the 4.7% decline in the SPDR Portfolio S&P 500 ETF (SPYM).
- For advisors building sector sleeves, State Street's 11-fund shelf produced a spread from a 3.5% gain to a near-14% loss in six sessions.
- Inside XLP, Clorox rose 12.4% while Constellation Brands and Hershey each climbed more than 10%, State Street's data showed.
The Consumer Staples Select Sector SPDR ETF (XLP) gained 3.5% from Oct. 29 to Nov. 5, the best of the 11 sector funds in State Street's tracker, ETF Trends reported.
The Technology Select Sector SPDR ETF (XLK) lost nearly 14% over the same six sessions, nearly triple the 4.7% decline in the SPDR Portfolio S&P 500 ETF (SPYM). The Communication Services Select Sector SPDR ETF (XLC) ranked second with a 3.1% gain: its biggest holding, Meta Platforms, slipped 3.1%, while AppLovin surged 39.7%.
For advisors building sector sleeves, State Street's 11-fund shelf produced a spread from a 3.5% gain to a near-14% loss in six sessions. Which of the 11 the client held set the outcome.
Inside XLP, Clorox rose 12.4% while Constellation Brands and Hershey each climbed more than 10%, State Street's data showed. The fund's two largest positions also gained: Walmart added 5.3% and Costco about 7%.
Losses inside XLK concentrated in semiconductors and hardware. Lumentum fell 44.6% and Intel 43.3%, while Microsoft, at a 13.37% weight, edged up 1.1%. The Energy Select Sector SPDR ETF (XLE) fell 10.3%, trailing only technology, with ExxonMobil down 9.8% and Chevron just over 8%.
State Street global head of research Matthew Bartolini argued in a Nov. 4 report that the midterm vote may have changed Washington but not the tariffs, geopolitics and deficits moving markets.
Reported by The Tape desk from ETF Trends. Published . Corrections