Consumer services

Thursday Sector Leaders: Services, Technology and Communications

In Thursday afternoon, services stocks were the best performing sector, up 1.2%. Within this group, Live Nation Entertainment Inc (ticker: LYV) and Expedia Group Inc (ticker: EXPE) are two large leading stocks, posting a gain of 7.2% and 6.2%, respectively. Among the largest ETFs, one ETF closely tracking services stocks is the iShares US Consumer Services ETF (Ticker: IYC), which is up 0.8% on the day and down 28.97% since the beginning of the year. Live Nation Entertainment Inc, meanwhile, is down 23.50% year-to-date, and Expedia Group Inc, is down 29.40% year-to-date. Together, LYV and EXPE represent approximately 0.7% of IYC’s underlying holdings.

The second best performing sector was the technology and communications sector, up 0.8%. Among technology and communications big names, Synopsys Inc (Ticker: SNPS) and Enphase Energy Inc. (Ticker: ENPH) are the most notable, posting a gain of 11.9% and 8.1%, respectively. One ETF closely tracking technology and communications stocks is the Technology Select Sector SPDR ETF (XLK), which is down 0.7% as of midday and 24.33% year-to-date. Synopsys Inc., meanwhile, is down 17.26% year-to-date, and Enphase Energy Inc., is down 7.74% year-to-date. Together, SNPS and ENPH represent approximately 0.7% of XLK’s underlying holdings.

Comparing these stocks and ETFs on a twelve-month basis, below is a graph of relative stock price performance, with each of the symbols displayed in a different color, as shown in the legend at the bottom:

Here’s a look at how the S&P 500 components across sectors are faring in Thursday afternoon trading. As you can see, six sectors are up on this day, while three sectors are down.

Sector % Switch
Services +1.2%
Technology and communication +0.8%
Materials +0.7%
Energy +0.7%
Health care +0.5%
Industrial +0.5%
Utilities -0.4%
Financial -0.5%
consumer products -1.2%

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