In afternoon trading on Wednesday, Financial stocks are the best performing sector, higher by 0.5%. Within the sector, Apollo Global Management Inc (new (Symbol: APO) and Blackstone Inc (Symbol: BX) are two large stocks leading the way, showing a gain of 3.9% and 3.1%, respectively. Among financial ETFs, one ETF following the sector is the Financial Select Sector SPDR ETF (Symbol: XLF), which is up 0.5% on the day, and up 8.08% year-to-date. Apollo Global Management Inc (new, meanwhile, is down 7.75% year-to-date, and Blackstone Inc, is down 3.06% year-to-date. Combined, APO and BX make up approximately 2.5% of the underlying holdings of XLF.
The next best performing sector is the Consumer Products sector, higher by 0.4%. Among large Consumer Products stocks, Tesla Inc (Symbol: TSLA) and J.M. Smucker Co. (Symbol: SJM) are the most notable, showing a gain of 2.9% and 2.0%, respectively. One ETF closely tracking Consumer Products stocks is the iShares U.S. Consumer Goods ETF (IYK), which is up 0.6% in midday trading, and up 7.40% on a year-to-date basis. Tesla Inc, meanwhile, is down 20.80% year-to-date, and J.M. Smucker Co., is down 1.40% year-to-date. SJM makes up approximately 0.5% 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 Wednesday. As you can see, six sectors are up on the day, while two sectors are down.
| Sector | % Change |
|---|---|
| Financial | +0.5% |
| Consumer Products | +0.4% |
| Services | +0.2% |
| Utilities | +0.2% |
| Healthcare | +0.2% |
| Industrial | +0.1% |
| Materials | -0.0% |
| Technology & Communications | -0.2% |
| Energy | -0.5% |
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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.
