Tech led market higher

Key Points

• 1

  Technology led the market higher.

• 2

  Nine of eleven sectors rose or stayed near flat.

• 3

  A Swiss rate cut helped market sentiment.

• 4

  Better German factory data supported industrial stocks.

• 5

  Caution remained even after stocks rose.

Sector Performance

• TechnologyGrowth companies like semiconductors & softwareTech led all sectors higher.
  +1.50%
• EnergyOil and gas companiesIt gained with the broader market.
  +0.76%
• FinancialsBanks, insurance, and brokerage firmsFinancial stocks moved higher today.
  +0.59%
• UtilitiesElectric, water, and gas utility companiesUtilities also posted a gain.
  +0.51%
• IndustrialsAirlines, machinery, and defense companiesBetter German data helped gains.↗Source
  +0.51%
• Consumer StaplesFood, household goods — everyday essentialsThis defensive sector edged higher.
  +0.31%
• Communication ServicesTelecom, media, and internet companiesIt rose modestly with the market.
  +0.30%
• Consumer DiscretionaryCars, retail — things people want but don't needIt finished nearly unchanged.↗Source
  -0.04%
• Health CareHospitals, pharma, and medical devicesIt slipped slightly and lagged.
  -0.05%
• Real EstateReal estate investment trusts (REITs)It lagged and closed lower.
  -0.68%
• MaterialsSteel, chemicals, and raw materialsMaterials was the weakest sector.
  -0.75%

Tech and financials rose; materials lagged