Tuesday Sector Leaders: Utilities, Services

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In afternoon trading on Tuesday, Utilities stocks are the best performing sector, up 1.1%. Within that group, CenterPoint Energy, Inc (Symbol: CNP) and NRG Energy Inc (Symbol: NRG) are two of the day's stand-outs, showing a gain of 2.7% and 2.1%, respectively. Among utilities ETFs , one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is up 0.9% on the day, and down 6.19% year-to-date. CenterPoint Energy, Inc, meanwhile, is down 6.70% year-to-date, and NRG Energy Inc is up 17.35% year-to-date. Combined, CNP and NRG make up approximately 3.3% of the underlying holdings of XLU.

The next best performing sector is the Services sector, up 0.5%. Among large Services stocks, Michael Kors Holdings Ltd (Symbol: KORS) and Dollar Tree Inc (Symbol: DLTR) are the most notable, showing a gain of 3.7% and 3.3%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF ( IYC ), which is up 0.4% in midday trading, and up 9.58% on a year-to-date basis. Michael Kors Holdings Ltd, meanwhile, is up 9.29% year-to-date, and Dollar Tree Inc, is down 19.22% year-to-date. DLTR makes up approximately 0.6% 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:

Energy Stock Channel

Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Tuesday. As you can see, six sectors are up on the day, while two sectors are down.

Sector % Change
Utilities +1.1%
Services +0.5%
Healthcare +0.5%
Technology & Communications +0.4%
Consumer Products +0.2%
Industrial +0.1%
Materials 0.0%
Financial -0.1%
Energy -0.4%

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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
Referenced Symbols: IYC , CNP , NRG , XLU , KORS

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