Wednesday Sector Leaders: Financial, Services

wednesday-sector-leaders:-financial,-services

The best performing sector as of midday Wednesday is the Financial sector, higher by 0.9%. Within that group, State Street Corp. (Symbol: STT) and Wells Fargo & Co (Symbol: WFC) are two of the day’s stand-outs, showing a gain of 3.1% and 2.8%, respectively. Among financial ETFs, one ETF following the sector is the Financial Select Sector SPDR ETF (Symbol: XLF), which is up 0.4% on the day, and up 4.74% year-to-date. State Street Corp., meanwhile, is up 2.88% year-to-date, and Wells Fargo & Co is up 7.29% year-to-date. Combined, STT and WFC make up approximately 3.8% of the underlying holdings of XLF.

The next best performing sector is the Services sector, up 0.6%. Among large Services stocks, TKO Group Holdings Inc (Symbol: TKO) and Caesars Entertainment Inc (Symbol: CZR) are the most notable, showing a gain of 5.5% and 4.4%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF (IYC), which is up 0.5% in midday trading, and up 0.27% on a year-to-date basis. TKO Group Holdings Inc, meanwhile, is up 25.18% year-to-date, and Caesars Entertainment Inc, is down 17.40% year-to-date. Combined, TKO and CZR make up approximately 0.3% of the underlying holdings of IYC.

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:

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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
Financial +0.9%
Services +0.6%
Healthcare +0.5%
Consumer Products +0.4%
Industrial +0.3%
Materials +0.3%
Utilities +0.2%
Technology & Communications +0.2%
Energy -0.3%

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Also see:

• MZZ Dividend History
• MFS Historical Stock Prices
• Funds Holding SEAH

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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