Looking at the sectors faring best as of midday Tuesday, shares of Energy companies are outperforming other sectors, higher by 1.4%. Within that group, Range Resources Corp (Symbol: RRC) and Chesapeake Energy Corp. (Symbol: CHK) are two large stocks leading the way, showing a gain of 7.1% and 4.8%, respectively. Among energy ETFs , one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is up 0.7% on the day, and down 11.95% year-to-date. Range Resources Corp, meanwhile, is down 46.97% year-to-date, and Chesapeake Energy Corp., is down 45.80% year-to-date. Combined, RRC and CHK make up approximately 0.7% of the underlying holdings of XLE.
The next best performing sector is the Services sector, higher by 0.9%. Among large Services stocks, The Gap Inc (Symbol: GPS) and L Brands, Inc (Symbol: LB) are the most notable, showing a gain of 6.4% and 4.6%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF ( IYC ), which is up 0.5% in midday trading, and up 9.44% on a year-to-date basis. The Gap Inc, meanwhile, is up 26.07% year-to-date, and L Brands, Inc, is down 37.07% year-to-date. Combined, GPS and LB make up approximately 0.5% 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:
Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Tuesday. As you can see, seven sectors are up on the day, while two 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.
