Tuesday Sector Leaders: Services, Technology & CommunicationsBy Market News Video Staff, Tuesday, March 12, 2:42 PM ETIn afternoon trading on Tuesday, Services stocks are the best performing sector, up 0.5%. Within that group, Costco Wholesale Corp (NASDAQ:COST) and Best Buy Inc (NYSE:BBY) are two large stocks leading the way, showing a gain of 3.6% and 2.6%, respectively. Among the largest ETFs, one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (NYSE:IYC), which is up 0.9% on the day, and up 6.45% year-to-date. Costco Wholesale Corp, meanwhile, is up 12.26% year-to-date, and Best Buy Inc is up 0.15% year-to-date. Combined, COST and BBY make up approximately 4.4% of the underlying holdings of IYC. The next best performing sector is the Technology & Communications sector, higher by 0.5%. Among large Technology & Communications stocks, Oracle Corp (NYSE:ORCL) and NVIDIA Corp (NASDAQ:NVDA) are the most notable, showing a gain of 12.0% and 4.9%, respectively. One ETF closely tracking Technology & Communications stocks is the Technology Select Sector SPDR ETF (XLK), which is up 1.5% in midday trading, and up 9.00% on a year-to-date basis. Oracle Corp, meanwhile, is up 21.60% year-to-date, and NVIDIA Corp is up 81.66% year-to-date. Combined, ORCL and NVDA make up approximately 9.5% of the underlying holdings of XLK. 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 Tuesday. As you can see, four sectors are up on the day, while three sectors are down.
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