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Tuesday Sector Leaders: Services, Technology & Communications

Looking at the sectors faring best as of midday Tuesday, shares of Services companies are outperforming other sectors, up 0.4%. Within that group, Omnicom Group, Inc. (Symbol: OMC) and Netflix Inc (Symbol: NFLX) are two of the day's stand-outs, showing a gain of 5.1% and 4.2%, respectively. Among the largest ETFs , one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is up 0.5% on the day, and up 18.59% year-to-date. Omnicom Group, Inc., meanwhile, is up 11.28% year-to-date, and Netflix Inc is up 35.81% year-to-date. Combined, OMC and NFLX make up approximately 4.8% of the underlying holdings of IYC.

The next best performing sector is the Technology & Communications sector, up 0.4%. Among large Technology & Communications stocks, Western Digital Corp (Symbol: WDC) and Applied Materials, Inc. (Symbol: AMAT) are the most notable, showing a gain of 5.3% and 3.1%, respectively. One ETF closely tracking Technology & Communications stocks is the Technology Select Sector SPDR ETF ( XLK ), which is up 0.4% in midday trading, and up 24.77% on a year-to-date basis. Western Digital Corp, meanwhile, is up 49.12% year-to-date, and Applied Materials, Inc. is up 35.16% year-to-date. Combined, WDC and AMAT make up approximately 1.1% of the underlying holdings of XLK.

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, four sectors are up on the day, while five sectors are down.

Sector % Change
Services +0.4%
Technology & Communications +0.4%
Energy +0.4%
Industrial +0.2%
Consumer Products -0.1%
Financial -0.3%
Materials -0.4%
Utilities -1.6%
Healthcare -1.6%

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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.

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