News

We provide the latest news
from the world of economics and finance

30 May
Thursday Sector Leaders: Services, Utilities

Looking at the sectors faring best as of midday Thursday, shares of Services companies are outperforming other sectors, higher by 1.1%. Within the sector, Best Buy Inc (Symbol: BBY) and Walgreens Boots Alliance Inc (Symbol: WBA) are two of the day's stand-outs, showing a gain of 12.7% and 4.5%, respectively. Among the largest ETFs, one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is up 0.7% on the day, and up 4.20% year-to-date. Best Buy Inc, meanwhile, is up 4.68% year-to-date, and Walgreens Boots Alliance Inc, is down 38.51% year-to-date. BBY makes up approximately 0.3% of the underlying holdings of IYC.

The next best performing sector is the Utilities sector, higher by 1.0%. Among large Utilities stocks, AES Corp (Symbol: AES) and Xcel Energy Inc (Symbol: XEL) are the most notable, showing a gain of 2.2% and 1.6%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is up 0.9% in midday trading, and up 13.22% on a year-to-date basis. AES Corp, meanwhile, is up 13.69% year-to-date, and Xcel Energy Inc, is down 11.61% year-to-date. Combined, AES and XEL make up approximately 4.1% 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:

Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Thursday. As you can see, eight sectors are up on the day, while one sector is down.

10 ETFs With Stocks That Insiders Are Buying »

Also see:

MTAL market cap history
OESX Videos
Funds Holding HEP

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