Markets VNO

Friday Sector Leaders: Financial, Services

The best performing sector as of midday Friday is the Financial sector, up 0.2%. Within that group, Vornado Realty Trust (Symbol: VNO) and Assurant Inc (Symbol: AIZ) are two of the day's stand-outs, showing a gain of 3.3% and 1.9%, respectively. Among financial ETFs, one ETF following the sector is the Financial Select Sector SPDR ETF (Symbol: XLF), which is up 0.1% on the day, and down 9.96% year-to-date. Vornado Realty Trust, meanwhile, is down 41.98% year-to-date, and Assurant Inc, is down 13.23% year-to-date. AIZ makes up approximately 0.2% of the underlying holdings of XLF.

The next best performing sector is the Services sector, losing just 0.1%. Among large Services stocks, Paramount Global (Symbol: PARA) and Netflix Inc (Symbol: NFLX) are the most notable, showing a gain of 5.0% and 4.3%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF (IYC), which is down 0.1% in midday trading, and down 27.37% on a year-to-date basis. Paramount Global, meanwhile, is down 34.66% year-to-date, and Netflix Inc, is down 46.28% year-to-date. Combined, PARA and NFLX make up approximately 3.5% 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:

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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 Friday. As you can see, one sector is up on the day, while eight sectors are down.

Sector % Change
Financial +0.2%
Services -0.1%
Utilities -0.1%
Technology & Communications -0.1%
Materials -0.1%
Industrial -0.3%
Consumer Products -0.5%
Healthcare -0.7%
Energy -1.7%

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Also see:
• CCJ Split History
• Top Ten Hedge Funds Holding KVSB
• Skyworks Solutions RSI

BNK Invest
BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally.
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