Friday Sector Leaders: Services, Energy

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Looking at the sectors faring best as of midday Friday, shares of Services companies are outperforming other sectors, higher by 1.0%. Within that group, Kohl’s Corp. (Symbol: KSS) and Signet Jewelers Ltd (Symbol: SIG) are two of the day’s stand-outs, showing a gain of 3.8% and 3.7%, respectively. Among the largest ETFs , one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is up 1.0% on the day, and up 5.79% year-to-date. Kohl’s Corp., meanwhile, is up 16.96% year-to-date, and Signet Jewelers Ltd is up 1.27% year-to-date. Combined, KSS and SIG make up approximately 0.4% of the underlying holdings of IYC.

The next best performing sector is the Energy sector, higher by 1.0%. Among large Energy stocks, Chesapeake Energy Corp. (Symbol: CHK) and Apache Corp (Symbol: APA) are the most notable, showing a gain of 3.3% and 2.8%, respectively. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF ( XLE ), which is up 0.9% in midday trading, and up 7.07% on a year-to-date basis. Chesapeake Energy Corp., meanwhile, is up 9.34% year-to-date, and Apache Corp is up 11.96% year-to-date. Combined, CHK and APA make up approximately 1.7% of the underlying holdings of XLE.

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:

Market News Video Here’s a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Friday. As you can see, eight sectors are up on the day, while one sector is down.

Sector % Change
Services +1.0%
Energy +1.0%
Technology & Communications +0.9%
Industrial +0.8%
Healthcare +0.7%
Materials +0.2%
Consumer Products +0.1%
Financial +0.1%
Utilities -0.3%

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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.

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