Industrials bounce 1.1% after a 7.3% month as energy lags
Friday, September 11, 2026: the Vanguard Information Technology ETF VGT rose 1.22% to lead all 11 U.S. sector funds; nine rose, including industrials XLI up 1.07% after a 7.3% one-month drop, while health care XLV and utilities XLU fell.
The industrial fund XLI rose 1.07% on Friday, a bounce that leaves a 7.3% one-month decline in place. The energy fund XLE, up 6.7% over that month, gained 0.31% and finished ninth, with West Texas Intermediate crude at $100.32 a barrel as of 4:31 p.m. Eastern, down 2.1%. The consumer-price index rose 0.4% in August, more than a third of it from gasoline. The S&P 500 fund SPY rose 0.83% and snapped a four-session, 2.0% decline.
Technology led as nine of eleven sector funds rose
- +1.2%
- +1.1%
- +1.0%
- +0.8%
- +0.8%
- +0.6%
- +0.4%
- +0.3%
- +0.3%
- −0.2%
- −0.4%
Apple, Cisco, and the power stocks
Apple, at 16% of the Vanguard Information Technology ETF VGT, rose 1.7% and added 0.28 percentage points, the largest single contribution. Nvidia, 17% of assets, fell 0.1%. Cisco rose 4.4% and Advanced Micro Devices 2.5%.
Dell Technologies jumped 11.9% and Hewlett Packard Enterprise 12.4%, the hardware move that filled the day's stock headlines. They are 0.9% of VGT combined and added 0.11 percentage points, less than Apple alone.
GE Vernova, 4.6% of XLI, rose 3.6% and added 0.17 percentage points. Eaton rose 4.0%, Quanta Services 5.1%, and Caterpillar 1.7%. Those four names produced about half the fund's gain.
Amazon, 25% of the consumer discretionary fund XLY, rose 1.9% and accounted for more than half of that fund's 0.85% advance. Tesla added 0.5%. XLY is still down 4.2% over the past month.
Alphabet's two share classes and T-Mobile, up 2.9%, lifted the communication services fund XLC 1.01%, a continuation rather than a reversal: that fund is already up 2.1% over the past month.
UnitedHealth's fifth down session
The health care fund XLV fell 0.18%, its fifth consecutive decline and a 4.6% drop over those five sessions. UnitedHealth, 5.9% of the fund, fell 2.4% and subtracted 0.14 percentage points. Eli Lilly, the 15% weight, fell 0.7%. AbbVie, Intuitive Surgical, and Moderna rose and did not offset the two.
The utilities fund XLU fell 0.35%, the session's laggard, and sits 1.5% above its 52-week low. Southern, PG&E, Dominion, and Sempra, the regulated book, all declined. Vistra rose 0.9% and NRG 1.6%, so the drop sat in the regulated names.
Exxon Mobil and Chevron, 35% of XLE together, were up less than 1% and still contributed more than Valero and Marathon Petroleum. The fund is up 48% year to date.
The Federal Reserve meets next week. The health care fund goes into that meeting down 4.6% over five sessions; the industrial fund goes in with most of a 7.3% one-month decline still on the books.
Frequently asked
Why did technology lead?
Apple, at 16% of the tech fund, rose 1.7% and added the largest single contribution, more than the Dell and Hewlett Packard Enterprise surges that filled the day's stock headlines.
Did the industrials bounce undo the month's decline?
No: the 1.07% gain leaves most of a 7.3% one-month drop still on the books.
What dragged health care and utilities down?
UnitedHealth fell and subtracted the most from health care in its fifth straight down session, while utilities' decline sat in the regulated names like Southern, PG&E, Dominion and Sempra.
How is energy doing despite finishing near the bottom?
The energy fund gained just 0.31% on the day but is up 6.7% over the month and 48% year to date, with crude at $100.32 a barrel.