Looking at the sectors faring best as of midday Wednesday, shares of Materials companies are outperforming other sectors, losing just 2.3%. Within the sector, Sealed Air Corp (NYSE:SEE) and Sherwin-Williams Co (NYSE:SHW) are two of the day's stand-outs, showing a gain of 2.7% and 0.4%, respectively. Among the high volume ETFs, one ETF closely following materials stocks is the Materials Select Sector SPDR ETF (NYSE:XLB), which is down 2.5% on the day, and up 2.65% year-to-date. Sealed Air Corp, meanwhile, is up 5.85% year-to-date, and Sherwin-Williams Co is up 16.56% year-to-date. Combined, SEE and SHW make up approximately 8.4% of the underlying holdings of XLB.
The next best performing sector is the Services sector, losing just 2.6%. Among large Services stocks, PulteGroup Inc (NYSE:PHM) and NVR Inc. (NYSE:NVR) are the most notable, showing a gain of 1.7% and 1.1%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF (IYC), which is down 2.5% in midday trading, and up 7.82% on a year-to-date basis. PulteGroup Inc, meanwhile, is up 9.24% year-to-date, and NVR Inc. is up 6.23% year-to-date.
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 Wednesday. As you can see, none of the sectors are up on the day, while nine sectors are down.
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