Wednesday Sector Leaders: Services, Energy

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Shutterstock photo

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In afternoon trading on Wednesday, Services stocks are the best performing sector, higher by 0.1%. Within that group, Discovery Communications Incorporated - Series C (Symbol: DISCK) and Discovery Communications Inc (Symbol: DISCA) are two large stocks leading the way, showing a gain of 6.2% and 6.0%, respectively. Among the largest ETFs , one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is up 0.1% on the day, and up 2.92% year-to-date. Discovery Communications Incorporated - Series C, meanwhile, is up 2.83% year-to-date, and Discovery Communications Inc is up 2.55% year-to-date. Combined, DISCK and DISCA make up approximately 0.2% of the underlying holdings of IYC.

The next best performing sector is the Energy sector, up 0.1%. Among large Energy stocks, TechnipFMC plc (Symbol: FTI) and EOG Resources, Inc. (Symbol: EOG) are the most notable, showing a gain of 2.0% and 1.6%, respectively. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF ( XLE ), which is up 0.1% in midday trading, and up 4.24% on a year-to-date basis. TechnipFMC plc, meanwhile, is up 5.48% year-to-date, and EOG Resources, Inc. is up 5.16% year-to-date. Combined, FTI and EOG make up approximately 5.8% of the underlying holdings of XLE.

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

Sector % Change
Services +0.1%
Energy +0.1%
Financial 0.0%
Industrial -0.0%
Technology & Communications -0.4%
Materials -0.5%
Healthcare -0.6%
Consumer Products -0.8%
Utilities -1.1%

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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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