Market News Video

Thursday Sector Leaders: Utilities, Services

By Market News Video Staff, Thursday, December 28, 2:44 PM ET

Looking at the sectors faring best as of midday Thursday, shares of Utilities companies are outperforming other sectors, up 0.6%. Within that group, Exelon Corp (NASDAQ:EXC) and Pinnacle West Capital Corp (NYSE:PNW) are two large stocks leading the way, showing a gain of 1.5% and 1.3%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (NYSE:XLU), which is up 0.6% on the day, and down 7.14% year-to-date. Exelon Corp, meanwhile, is down 13.40% year-to-date, and Pinnacle West Capital Corp is up 0.73% year-to-date. Combined, EXC and PNW make up approximately 4.7% of the underlying holdings of XLU.

The next best performing sector is the Services sector, up 0.3%. Among large Services stocks, Match Group Inc (NASDAQ:MTCH) and Tractor Supply Co. (NASDAQ:TSCO) are the most notable, showing a gain of 2.6% and 2.2%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF (IYC), which is flat on the day in midday trading, and up 35.41% on a year-to-date basis. Match Group Inc, meanwhile, is down 10.56% year-to-date, and Tractor Supply Co., is down 0.78% year-to-date. TSCO makes up approximately 0.4% 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:

Metals Channel

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

Sector% Change
Utilities+0.6%
Services+0.3%
Financial+0.3%
Consumer Products+0.2%
Healthcare+0.2%
Technology & Communications+0.1%
Industrial+0.1%
Materials-0.4%
Energy-1.0%


This Article's Word Cloud:   Among   Buying   Capital   Change   Combined   Communications   Comparing   Consumer   Corp   ETFs   Energy   Exelon   Financial   Group   Healthcare   Here   Industrial   Insiders   Looking   Match   NYSE   Pinnacle   Sector   Services   Supply   TSCO   Thursday   Tractor   Utilities   West   approximately   basis   best   date   down   faring   gain   holdings   large   meanwhile   midday   respectively   sector   sectors   showing   stocks   trading   underlying   which   year
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