In afternoon trading on Wednesday, Services stocks are the best performing sector, higher by 0.7%. Within that group, Match Group Inc (Symbol: MTCH) and Walmart Inc (Symbol: WMT) are two of the day's stand-outs, showing a gain of 9.7% and 3.9%, respectively. Among the largest ETFs, one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is up 1.4% on the day, and up 4.86% year-to-date. Match Group Inc, meanwhile, is up 14.83% year-to-date, and Walmart Inc is up 14.73% year-to-date. WMT makes up approximately 4.3% of the underlying holdings of IYC.
The next best performing sector is the Consumer Products sector, up 0.6%. Among large Consumer Products stocks, Tesla Inc (Symbol: TSLA) and Colgate-Palmolive Co. (Symbol: CL) are the most notable, showing a gain of 3.3% and 2.0%, respectively. One ETF closely tracking Consumer Products stocks is the iShares U.S. Consumer Goods ETF (IYK), which is up 0.9% in midday trading, and up 6.94% on a year-to-date basis. Tesla Inc, meanwhile, is down 21.04% year-to-date, and Colgate-Palmolive Co., is down 5.13% year-to-date. CL makes up approximately 3.1% 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, three sectors are up on the day, while four sectors are down.
| Sector | % Change |
|---|---|
| Services | +0.7% |
| Consumer Products | +0.6% |
| Financial | +0.2% |
| Technology & Communications | -0.0% |
| Industrial | 0.0% |
| Utilities | -0.5% |
| Energy | -0.8% |
| Materials | -1.4% |
| Healthcare | -1.7% |
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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.
