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Thursday Sector Leaders: Technology & Communications, Services


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Looking at the sectors faring best as of midday Thursday, shares of Technology & Communications companies are outperforming other sectors, higher by 0.6%. Within the sector, Synopsys Inc (Symbol: SNPS) and Advanced Micro Devices, Inc. (Symbol: AMD) are two large stocks leading the way, showing a gain of 6.3% and 6.2%, respectively. Among technology ETFs , one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is up 0.5% on the day, and up 16.06% year-to-date. Synopsys Inc, meanwhile, is up 18.11% year-to-date, and Advanced Micro Devices, Inc. is up 115.95% year-to-date. Combined, SNPS and AMD make up approximately 0.5% of the underlying holdings of XLK.

The next best performing sector is the Services sector, losing just 0.1%. Among large Services stocks, Tractor Supply Co. (Symbol: TSCO) and Kohl's Corp. (Symbol: KSS) are the most notable, showing a gain of 3.0% and 2.4%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF ( IYC ), which is down 0.1% in midday trading, and up 15.01% on a year-to-date basis. Tractor Supply Co., meanwhile, is up 19.67% year-to-date, and Kohl's Corp. is up 51.45% year-to-date. Combined, TSCO and KSS make up approximately 0.7% of the underlying holdings of IYC.

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:

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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, one sector is up on the day, while eight sectors are down.

Sector % Change
Technology & Communications +0.6%
Services -0.1%
Utilities -0.1%
Healthcare -0.3%
Industrial -0.3%
Energy -0.4%
Consumer Products -0.5%
Financial -0.5%
Materials -0.8%

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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: IYC , SNPS , AMD , XLK , TSCO



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