Thursday Sector Leaders: Utilities, Services

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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%

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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 , PCG , PPL , XLU , DRI

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