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Wednesday Sector Leaders: Services, Materials

Shutterstock photo
Shutterstock photo

Shutterstock photo

In afternoon trading on Wednesday, Services stocks are the best performing sector, higher by 1.2%. Within that group, Macy's Inc (Symbol: M) and Dish Network Corp (Symbol: DISH) are two large stocks leading the way, showing a gain of 11.0% 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 1.1% on the day, and up 5.27% year-to-date. Macy's Inc, meanwhile, is up 33.42% year-to-date, and Dish Network Corp, is down 30.41% year-to-date. Combined, M and DISH make up approximately 0.5% of the underlying holdings of IYC.

The next best performing sector is the Materials sector, higher by 1.1%. Among large Materials stocks, Freeport-McMoran Copper & Gold (Symbol: FCX) and Packaging Corp of America (Symbol: PKG) are the most notable, showing a gain of 5.2% and 3.6%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF ( XLB ), which is up 1.2% in midday trading, and down 1.10% on a year-to-date basis. Freeport-McMoran Copper & Gold, meanwhile, is down 11.21% year-to-date, and Packaging Corp of America, is down 0.75% year-to-date. Combined, FCX and PKG make up approximately 5.2% of the underlying holdings of XLB.

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, eight sectors are up on the day, while one sector is down.

Sector % Change
Services +1.2%
Materials +1.1%
Consumer Products +1.0%
Industrial +0.9%
Healthcare +0.7%
Technology & Communications +0.7%
Energy +0.7%
Financial +0.3%
Utilities -0.7%

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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.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

M DISH XLB FCX IYC

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