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Wednesday Sector Leaders: Energy, Services


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The best performing sector as of midday Wednesday is the Energy sector, up 2.5%. Within that group, Hess Corp (Symbol: HES) and Marathon Oil Corp. (Symbol: MRO) are two large stocks leading the way, showing a gain of 5.8% and 4.6%, respectively. Among energy ETFs , one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is up 1.5% on the day, and down 5.20% year-to-date. Hess Corp, meanwhile, is down 4.63% year-to-date, and Marathon Oil Corp., is down 0.68% year-to-date. Combined, HES and MRO make up approximately 2.1% of the underlying holdings of XLE.

The next best performing sector is the Services sector, higher by 2.0%. Among large Services stocks, Chipotle Mexican Grill Inc (Symbol: CMG) and Interpublic Group of Companies Inc. (Symbol: IPG) are the most notable, showing a gain of 14.3% and 9.8%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF ( IYC ), which is up 1.3% in midday trading, and up 4.59% on a year-to-date basis. Chipotle Mexican Grill Inc, meanwhile, is down 0.64% year-to-date, and Interpublic Group of Companies Inc. is up 21.06% year-to-date. Combined, CMG and IPG make up approximately 0.5% 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:

Canada Stock Channel

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

Sector % Change
Energy +2.5%
Services +2.0%
Healthcare +1.6%
Technology & Communications +1.6%
Materials +1.4%
Consumer Products +1.2%
Financial +1.0%
Industrial +1.0%
Utilities -0.6%

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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 , HES , MRO , XLE , CMG


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