Friday Sector Leaders: Services, Materials

IOn Friday afternoon, services stocks were the best performing sector, up 3.6%. Within this group, DISH Network Corp (Symbol: DISH) and Wynn Resorts Ltd (Symbol: WYNN) are two of the stars of the day, posting a gain of 12.0% and 11.4%, respectively. From the largest ETFs, an ETF following services stocks closely is the iShares US Consumer Services ETF (Ticker: IYC), which is up 2.8% on the day and down 28.55% since the start of the month. year. DISH Network Corp, meanwhile, is down 41.68% year-to-date, and Wynn Resorts Ltd, down 31.87% year-to-date. WYNN represents approximately 0.1% of IYC’s underlying holdings.

The second best performing sector was Materials, up 3.6%. Among the large materials stocks, Ball Corp (ticker: BALL) and Eastman Chemical Co (ticker: EMN) are the most notable, posting a gain of 6.4% and 6.4%, respectively. One ETF closely tracking materials stocks is the Materials Select Sector SPDR ETF (XLB), which is up 3.3% as of midday and down 15.20% year-to-date. Ball Corp, meanwhile, is down 26.96% year-to-date and Eastman Chemical Co is down 22.69% year-to-date. Together, BALL and EMN represent approximately 4.0% of XLB’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 constituents moved across sectors in Friday afternoon trading. As you can see, nine sectors are up on this day, while none of the sectors are down.

Sector % To change
Services +3.6%
Materials +3.6%
Industrial +3.3%
Financial +3.1%
consumer products +2.7%
Technology and communication +2.5%
Utilities +1.8%
Energy +1.6%
Health care +1.4%

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