Markets MGM

Tuesday Sector Leaders: Services, Technology & Communications

In afternoon trading on Tuesday, Services stocks are the best performing sector, up 0.5%. Within that group, MGM Resorts International (Symbol: MGM) and Dominos Pizza Inc. (Symbol: DPZ) are two of the day's stand-outs, showing a gain of 4.1% and 3.7%, 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 7.84% year-to-date. MGM Resorts International, meanwhile, is up 3.76% year-to-date, and Dominos Pizza Inc. is up 17.39% year-to-date. Combined, MGM and DPZ make up approximately 0.5% of the underlying holdings of IYC.

The next best performing sector is the Technology & Communications sector, up 0.4%. Among large Technology & Communications stocks, Seagate Technology Holdings PLC (Symbol: STX) and Western Digital Corp (Symbol: WDC) are the most notable, showing a gain of 9.1% and 5.4%, respectively. One ETF closely tracking Technology & Communications stocks is the Technology Select Sector SPDR ETF (XLK), which is flat on the day in midday trading, and up 8.54% on a year-to-date basis. Seagate Technology Holdings PLC, meanwhile, is up 13.49% year-to-date, and Western Digital Corp is up 30.74% year-to-date. Combined, STX and WDC make up approximately 0.4% 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:

Metals Channel

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

Sector% Change
Services+0.5%
Technology & Communications+0.4%
Consumer Products+0.3%
Financial+0.2%
Industrial+0.1%
Healthcare0.0%
Materials-0.1%
Energy-0.5%
Utilities-0.8%

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Also see:

• Historical PE Ratio
• RIDV Videos
• Top Ten Hedge Funds Holding NFX

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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