Wednesday Sector Leaders: Technology & Communications, Services

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The best performing sector as of midday Wednesday is the Technology & Communications sector, up 0.2%. Within that group, DXC Technology Co (Symbol: DXC) and Take-Two Interactive Software, Inc. (Symbol: TTWO) are two large stocks leading the way, showing a gain of 2.5% and 2.2%, respectively. Among technology ETFs , one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is up 0.3% on the day, and up 15.81% year-to-date. DXC Technology Co, meanwhile, is up 9.13% year-to-date, and Take-Two Interactive Software, Inc. is up 13.83% year-to-date. Combined, DXC and TTWO make up approximately 0.6% of the underlying holdings of XLK.

The next best performing sector is the Services sector, higher by 0.1%. Among large Services stocks, Michael Kors Holdings Ltd (Symbol: KORS) and CVS Health Corporation (Symbol: CVS) are the most notable, showing a gain of 5.5% and 4.1%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF ( IYC ), which is up 0.1% in midday trading, and up 13.18% on a year-to-date basis. Michael Kors Holdings Ltd, meanwhile, is up 9.99% year-to-date, and CVS Health Corporation, is down 3.96% year-to-date.

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 Wednesday. As you can see, three sectors are up on the day, while five sectors are down.

Sector % Change
Technology & Communications +0.2%
Services +0.1%
Financial +0.1%
Industrial -0.0%
Healthcare -0.1%
Materials -0.1%
Consumer Products -0.3%
Utilities -0.4%
Energy -0.9%

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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 , DXC , TTWO , XLK ,

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