ABNB

Wednesday Sector Leaders: Services, Utilities

In afternoon trading on Wednesday, Services stocks are the best performing sector, losing just 0.2%. Within that group, Airbnb Inc (Symbol: ABNB) and Expedia Group Inc (Symbol: EXPE) are two of the day's stand-outs, showing a gain of 4.4% and 2.6%, respectively. Among the largest ETFs, one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is up 0.2% on the day, and up 3.97% year-to-date. Airbnb Inc, meanwhile, is up 6.90% year-to-date, and Expedia Group Inc is up 8.55% year-to-date. Combined, ABNB and EXPE make up approximately 1.4% of the underlying holdings of IYC.

The next best performing sector is the Utilities sector, losing just 0.2%. Among large Utilities stocks, Edison International (Symbol: EIX) and Exelon Corp (Symbol: EXC) are the most notable, showing a gain of 2.4% and 0.9%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is down 0.2% in midday trading, and up 4.66% on a year-to-date basis. Edison International, meanwhile, is down 33.78% year-to-date, and Exelon Corp is up 13.59% year-to-date. Combined, EIX and EXC make up approximately 5.1% of the underlying holdings of XLU.

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:

Market News Video

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, none of the sectors are up on the day, while nine sectors are down.

Sector% Change
Services-0.2%
Utilities-0.2%
Consumer Products-0.3%
Technology & Communications-0.4%
Healthcare-0.7%
Industrial-0.8%
Financial-0.9%
Materials-0.9%
Energy-2.0%

25 Dividend Giants Widely Held By ETFs »

Also see:

• Cheap Tech Stocks
• ESEA YTD Return
• ADNT shares outstanding history

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

More Related Articles

Info icon

This data feed is not available at this time.

Data is currently not available

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.