In afternoon trading on Friday, Services stocks are the best performing sector, higher by 1.6%. Within the sector, Wynn Resorts Ltd (Symbol: WYNN) and MGM Resorts International (Symbol: MGM) are two large stocks leading the way, showing a gain of 6.9% and 6.2%, respectively. Among the largest ETFs, one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is up 0.8% on the day, and up 3.50% year-to-date. Wynn Resorts Ltd, meanwhile, is up 2.95% year-to-date, and MGM Resorts International is up 9.44% year-to-date. Combined, WYNN and MGM make up approximately 0.6% of the underlying holdings of IYC.
The next best performing sector is the Materials sector, up 1.2%. Among large Materials stocks, Freeport-McMoran Copper & Gold (Symbol: FCX) and Linde plc (Symbol: LIN) are the most notable, showing a gain of 6.0% and 3.9%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is up 1.6% in midday trading, and up 1.50% on a year-to-date basis. Freeport-McMoran Copper & Gold, meanwhile, is up 21.37% year-to-date, and Linde plc, is down 1.79% year-to-date. Combined, FCX and LIN make up approximately 21.5% of the underlying holdings of XLB.
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:
Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Friday. As you can see, seven sectors are up on the day, while two sectors are down.
| Sector | % Change |
|---|---|
| Services | +1.6% |
| Materials | +1.2% |
| Consumer Products | +1.1% |
| Utilities | +0.9% |
| Industrial | +0.6% |
| Technology & Communications | +0.4% |
| Financial | +0.1% |
| Healthcare | -0.1% |
| Energy | -0.1% |
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
