In Q3, Technology stocks in the S&P 500 scored one of the better performances, with the sector (XLK) rising 7% in price and besting the 5.8% price-return for the S&P 500. Only Energy, which rose 9.5%, did substantively better, with Consumer Discretionary's 7.1% taking second place. If you are interested in the whole scorecard, you can visit the S&P website.
If you are a Technology investor, you likely didn't do as well as the overall sector. The 71 stocks rose an average of 4.2%, which not only trailed the return of the sector but also lagged the overall market. The median was even worse at 3.3%. What's going on? Google (GOOG). AndApple (AAPL).
To be fair, these two stocks aren't the entire story, as there were a few other drivers, but the return of the sector was certainly boosted by GOOG's 30% gain and AAPL's 14% jump. The best stock was First Solar(FSLR), which rose 47%. It's so small, though, that it had almost no impact on the overall sector's return. The entire sector is currently worth about $2.6 trillion, so that rise in FSLR boosted returns by only 0.02%!