Thursday Sector Leaders: Utilities, Services

Shutterstock photo

In afternoon trading on Thursday, Utilities stocks are the best performing sector, up 0.5%. Within that group, PG&E Corp (Symbol: PCG) and PPL Corp (Symbol: PPL) are two large stocks leading the way, showing a gain of 2.4% and 1.7%, respectively. Among utilities ETFs , one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is up 0.5% on the day, and down 2.57% year-to-date. PG&E Corp , meanwhile, is down 8.65% year-to-date, and PPL Corp, is down 7.58% year-to-date. Combined, PCG and PPL make up approximately 6.3% of the underlying holdings of XLU.

The next best performing sector is the Services sector, up 0.3%. Among large Services stocks, Darden Restaurants, Inc. (Symbol: DRI) and Kroger Co (Symbol: KR) are the most notable, showing a gain of 14.1% and 8.9%, 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 11.56% on a year-to-date basis. Darden Restaurants, Inc., meanwhile, is up 12.14% year-to-date, and Kroger Co is up 4.77% year-to-date. Combined, DRI and KR make up approximately 1.1% 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:

Metals 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, three sectors are up on the day, while six sectors are down.

Sector % Change
Utilities +0.5%
Services +0.3%
Financial +0.3%
Healthcare -0.4%
Consumer Products -0.5%
Industrial -0.5%
Technology & Communications -0.6%
Materials -0.6%
Energy -1.5%

25 Dividend Giants Widely Held By ETFs ยป

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 , PCG , PPL , XLU , DRI

More from BNK Invest


BNK Invest

BNK Invest

Market News, Investing

Research Brokers before you trade

Want to trade FX?