Thursday Sector Leaders: Services, Technology & Communications

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In afternoon trading on Thursday, Services stocks are the best performing sector, losing just 0.4%. Within that group, PulteGroup Inc (Symbol: PHM) and Costco Wholesale Corp (Symbol: COST) are two large stocks leading the way, showing a gain of 3.4% and 3.0%, respectively. Among the largest ETFs , one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is down 0.2% on the day, and up 9.41% year-to-date. PulteGroup Inc, meanwhile, is down 19.46% year-to-date, and Costco Wholesale Corp is up 26.40% year-to-date. COST makes up approximately 2.5% of the underlying holdings of IYC.

The next best performing sector is the Technology & Communications sector, losing just 0.6%. Among large Technology & Communications stocks, Hewlett Packard Enterprise Co (Symbol: HPE) and Take-Two Interactive Software, Inc. (Symbol: TTWO) are the most notable, showing a gain of 5.4% and 4.6%, respectively. One ETF closely tracking Technology & Communications stocks is the Technology Select Sector SPDR ETF ( XLK ), which is down 1.0% in midday trading, and up 4.56% on a year-to-date basis. Hewlett Packard Enterprise Co, meanwhile, is up 12.54% year-to-date, and Take-Two Interactive Software, Inc., is down 3.14% year-to-date. HPE makes up approximately 0.5% of the underlying holdings of XLK.

Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:

Portfolio Channel

Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Thursday. As you can see, none of the sectors are up on the day, while nine sectors are down.

Sector % Change
Services -0.4%
Technology & Communications -0.6%
Utilities -0.9%
Consumer Products -1.4%
Healthcare -1.5%
Industrial -1.5%
Financial -1.7%
Materials -2.0%
Energy -3.5%

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas
Referenced Symbols: XLK , PHM , COST , IYC , HPE

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