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Jan. 12, 2021, 11:09 a.m. EST

'Reopening' ETFs rally Tuesday as work-from-home plays lag

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By Andrea Riquier

Economically sensitive sector funds outperformed those that have done well during the coronavirus pandemic Tuesday, as investors continued to look forward to a post-lockdown world. The Energy Select Sector SPDR Fund /zigman2/quotes/206420077/composite XLE +2.60% was 3.5% higher by late morning, making it the biggest gainer among the exchange-traded funds that track the 11 sectors of the S&P 500. The Consumer Discretionary Select Sector SPDR Fund /zigman2/quotes/200844504/composite XLY +2.35% gained 1.6%, and the Financial Select Sector SPDR Fund /zigman2/quotes/209660484/composite XLF +3.13% was up 1.2%. The day's biggest loser was the Communication Services Select Sector SPDR Fund /zigman2/quotes/204079482/composite XLC +2.56% , down nearly 1%, which contains stocks that enabled remote work through the pandemic, as well as social-media giants like Facebook Inc. /zigman2/quotes/205064656/composite FB +2.83% , which have faced criticism over their handling of content blamed for contributing to election-related violence.

/zigman2/quotes/206420077/composite
US : U.S.: NYSE Arca
$ 49.40
+1.25 +2.60%
Volume: 34.70M
March 1, 2021 4:00p
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/zigman2/quotes/200844504/composite
US : U.S.: NYSE Arca
$ 164.93
+3.78 +2.35%
Volume: 4.35M
March 1, 2021 4:00p
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/zigman2/quotes/209660484/composite
US : U.S.: NYSE Arca
$ 33.32
+1.01 +3.13%
Volume: 67.59M
March 1, 2021 4:00p
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/zigman2/quotes/204079482/composite
US : U.S.: NYSE Arca
$ 73.40
+1.83 +2.56%
Volume: 4.20M
March 1, 2021 4:00p
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/zigman2/quotes/205064656/composite
US : U.S.: Nasdaq
$ 264.91
+7.29 +2.83%
Volume: 22.16M
March 1, 2021 4:00p
P/E Ratio
26.22
Dividend Yield
N/A
Market Cap
$733.62 billion
Rev. per Employee
$1.47M
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