In afternoon trading on Thursday, Services stocks are the best performing sector, up 0.2%. Within that group, Warner Bros Discovery Inc (Symbol: WBD) and Paramount Global (Symbol: PARA) are two large stocks leading the way, showing a gain of 14.7% and 3.6%, respectively. Among the largest ETFs, one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is down 0.2% on the day, and up 33.87% year-to-date. Warner Bros Discovery Inc, meanwhile, is up 9.09% year-to-date, and Paramount Global, is down 20.62% year-to-date. Combined, WBD and PARA make up approximately 0.5% of the underlying holdings of IYC.
The next best performing sector is the Utilities sector, higher by 0.2%. Among large Utilities stocks, Constellation Energy Corp (Symbol: CEG) and CenterPoint Energy, Inc (Symbol: CNP) are the most notable, showing a gain of 2.8% and 1.4%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is up 0.1% in midday trading, and up 25.31% on a year-to-date basis. Constellation Energy Corp, meanwhile, is up 109.18% year-to-date, and CenterPoint Energy, Inc is up 14.30% year-to-date. Combined, CEG and CNP make up approximately 8.2% of the underlying holdings of XLU.
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 Thursday. As you can see, three sectors are up on the day, while six sectors are down.
| Sector | % Change |
|---|---|
| Services | +0.2% |
| Utilities | +0.2% |
| Financial | +0.1% |
| Consumer Products | -0.1% |
| Healthcare | -0.2% |
| Technology & Communications | -0.3% |
| Industrial | -0.3% |
| Materials | -0.5% |
| Energy | -0.5% |
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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.
