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Tuesday Sector Leaders: Financial, Services
By Market News Video Staff, Tuesday, March 22, 3:09 PM ET
In afternoon trading on Tuesday, Financial stocks are the best performing sector, up 1.3%. Within that group, Wells Fargo & Co (NYSE:WFC) and SVB Financial Group (SIVB) are two large stocks leading the way, showing a gain of 4.1% and 3.6%, respectively. Among financial ETFs, one ETF following the sector is the Financial Select Sector SPDR ETF (NYSE:XLF), which is up 1.6% on the day, and up 1.36% year-to-date. Wells Fargo & Co, meanwhile, is up 11.44% year-to-date, and SVB Financial Group, is down 13.58% year-to-date. Combined, WFC and SIVB make up approximately 5.8% of the underlying holdings of XLF.
The next best performing sector is the Services sector, higher by 1.1%. Among large Services stocks, Match Group Inc (NASDAQ:MTCH) and Paramount Global (NASDAQ:PARA) are the most notable, showing a gain of 4.4% and 4.4%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF (IYC), which is up 1.7% in midday trading, and down 10.85% on a year-to-date basis. Match Group Inc, meanwhile, is down 21.03% year-to-date, and Paramount Global is up 26.67% year-to-date. PARA makes up approximately 0.4% of the underlying holdings of IYC.
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, seven sectors are up on the day, while one sector is down.
Sector
% Change
Financial
+1.3%
Services
+1.1%
Technology & Communications
+1.1%
Consumer Products
+0.8%
Industrial
+0.7%
Materials
+0.5%
Healthcare
+0.4%
Utilities
-0.0%
Energy
-0.4%
This Article's Word Cloud:AmongBuyingChangeCombinedCommunicationsComparingConsumerETFsEnergyFargoFinancialGlobalGroupHealthcareHereIndustrialInsidersMTCHMatchMaterialsNYSEPARAParamountProductsSIVBSPDRSectorServicesTuesdayWellsafternoonapproximatelybasisbestdatedowngainholdingslargemeanwhileperformingrespectivelysectorsectorsshowingstockstradingunderlyingwhichyear
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