Credit: Shutterstock photoIn afternoon trading on Friday, Technology & Communications stocks are the best performing sector, higher by 1.1%. Within that group, Activision Blizzard, Inc. (Symbol: ATVI) and Hewlett Packard Enterprise Co (Symbol: HPE) are two of the day's stand-outs, showing a gain of 4.4% and 4.0%, respectively. Among technology ETFs , one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is up 1.6% on the day, and up 10.16% year-to-date. Activision Blizzard, Inc., meanwhile, is up 22.27% year-to-date, and Hewlett Packard Enterprise Co is up 8.02% year-to-date. HPE makes up approximately 0.5% of the underlying holdings of XLK.
The next best performing sector is the Services sector, up 0.7%. Among large Services stocks, Netflix Inc (Symbol: NFLX) and Macy's Inc (Symbol: M) are the most notable, showing a gain of 4.5% and 3.0%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF ( IYC ), which is up 1.4% in midday trading, and up 10.30% on a year-to-date basis. Netflix Inc, meanwhile, is up 74.71% year-to-date, and Macy's Inc is up 35.90% year-to-date. Combined, NFLX and M make up approximately 4.6% 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:
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, three sectors are up on the day, while five sectors are down.
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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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
