What this page tells you: how the Technology sector ranks vs the US equity market, how healthy the move is inside, and which stocks are leading it.
Anchor leader. Technology is the 2nd-strongest US sector, beating SPY by +9.0pp on a 12-month performance score that leans toward recent action. Rank has held steady over the last 21 trading days. Use the panels below to confirm whether the move is broad or narrow, where the heaviest volume is flowing, and which stocks sit at the front of the move.
Technology Select Sector SPDR (XLK) is sliding lower — down 2.6% over the past 50 trading days — and sits 9% off its 12-month peak. Daily swings average 1.84%, so the tape is active. (As of August 24, 2026.)
Of the 543 stocks in Technology, 52% trade above their 50-day average and 61% above their 200-day. 21% sit within 10% of a fresh 52-week high. 65 new 20-day highs against 56 new lows today.
Software leads inside Technology, running +16.1pp ahead of SPY over the past 3 months. Electrical Equipment trails at -16.6pp.
| Industry | 3m excess | 6m excess | Names | Top constituents |
|---|---|---|---|---|
| Software | +16.1pp | +19.8pp | 201 | NIQSMWBBLZE |
| Business Services | +13.3pp | +7.0pp | 155 | MANPAYSTBI |
| Consumer Goods | +8.1pp | +30.1pp | 6 | HBBSNHELE |
| Recreation | -3.0pp | +0.1pp | 3 | SONYSONOKN |
| Electrical Equipment | -16.6pp | -13.6pp | 30 | OESXENRAYI |
Technology traded $246.06B today — trading normal at 0.81× the 30-day average — capturing 39.7% of all market volume. 4 accumulation days against 7 distribution days lately, an accum/dist ratio of 0.63.
Inside Technology, AXTI (99), WOLF (99), and MU (99) lead by IBD relative-strength percentile.
| # | Ticker | IBD %ile | Price | |
|---|---|---|---|---|
| 3 | AXTI | 99 | $65.40 | |
| 9 | WOLF | 99 | $24.76 | |
| 21 | MU | 99 | $910.43 | |
| 40 | MXL | 98 | $62.78 | |
| 42 | PAYS | 98 | $13.65 | |
| 49 | LITE | 98 | $830.17 | |
| 50 | BLZE | 98 | $15.55 | |
| 56 | AAOI | 98 | $107.63 | |
| 75 | FCEL | 97 | $18.75 | |
| 78 | BAND | 97 | $46.35 |
Composite RS uses IBD-style multi-horizon weights (3m / 6m / 9m / 12m at 0.4 / 0.2 / 0.2 / 0.2, recency-weighted). Per-horizon RS is each sector ETF's excess return vs SPY over that lookback, from daily price history. Leader counts cross-reference the daily stock RS leaderboard with each sector's GICS membership. Ranks are recomputed every trading day. Read how to read sector rotation, or hunt one level down on industries and leaders.