The emerging picture shows resilience, with an above-average proportion of companies not only beating estimates but also providing reassuring guidance for the coming periods. Communication Services Select Sector SPDR ETF (XLC) – Up 4.7% Past Month About 56% of the S&P 500 companies have reported results so far. Still, the space emerged as a winner with the ability to pass on the higher inflationary pressure to consumers in the form of increased raw materials costs.