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Wednesday Sector Leaders: Energy, Services

The best performing sector as of midday Wednesday is the Energy sector, higher by 4.6%. Within that group, Marathon Oil Corp. (Symbol: MRO) and Newfield Exploration Co (Symbol: NFX) are two of the day's stand-outs, showing a gain of 8.9% and 7.9%, respectively. Among energy ETFs , one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is up 3.9% on the day, and down 19.76% year-to-date. Marathon Oil Corp., meanwhile, is down 17.37% year-to-date, and Newfield Exploration Co, is down 55.79% year-to-date. Combined, MRO and NFX make up approximately 1.4% of the underlying holdings of XLE.

The next best performing sector is the Services sector, higher by 3.1%. Among large Services stocks, Kohl's Corp. (Symbol: KSS) and Amazon.com Inc (Symbol: AMZN) are the most notable, showing a gain of 8.2% and 7.0%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF ( IYC ), which is up 3.8% in midday trading, and down 1.78% on a year-to-date basis. Kohl's Corp., meanwhile, is up 23.77% year-to-date, and Amazon.com Inc is up 23.00% year-to-date. Combined, KSS and AMZN make up approximately 19.3% 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 Wednesday. As you can see, nine sectors are up on the day, while none of the sectors are down.

Sector % Change
Energy +4.6%
Services +3.1%
Healthcare +3.0%
Technology & Communications +3.0%
Industrial +2.6%
Materials +2.2%
Financial +2.1%
Consumer Products +1.9%
Utilities +0.1%

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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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