Tuesday Sector Leaders: Services, Consumer Products

December 10, 2024 — 02:35 pm EST

Written by BNK Invest for BNK Invest->

Looking at the sectors faring best as of midday Tuesday, shares of Services companies are outperforming other sectors, up 0.8%. Within that group, Walgreens Boots Alliance Inc (Symbol: WBA) and Alphabet Inc (Symbol: GOOGL) are two large stocks leading the way, showing a gain of 20.3% and 5.3%, respectively. Among the largest ETFs, one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is up 0.4% on the day, and up 33.29% year-to-date. Walgreens Boots Alliance Inc, meanwhile, is down 55.40% year-to-date, and Alphabet Inc is up 32.65% year-to-date.

The next best performing sector is the Consumer Products sector, higher by 0.1%. Among large Consumer Products stocks, Tesla Inc (Symbol: TSLA) and McCormick & Co Inc (Symbol: MKC) are the most notable, showing a gain of 4.6% and 2.0%, respectively. One ETF closely tracking Consumer Products stocks is the iShares U.S. Consumer Goods ETF (IYK), which is up 0.2% in midday trading, and up 9.89% on a year-to-date basis. Tesla Inc, meanwhile, is up 64.06% year-to-date, and McCormick & Co Inc is up 21.09% year-to-date. MKC makes up approximately 0.9% of the underlying holdings of IYK.

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, two sectors are up on the day, while seven sectors are down.

Sector	% Change
Services	+0.8%
Consumer Products	+0.1%
Industrial	-0.1%
Energy	-0.1%
Healthcare	-0.3%
Financial	-0.5%
Utilities	-0.7%
Materials	-0.9%
Technology & Communications	-1.2%