Friday Industry Leaders: Financials, Services


Looking at the sectors that are doing the best at midday on Friday, stocks of financial companies outperformed the other sectors, up 2.8%. Within this group, Citigroup Inc (Symbol: C) and State Street Corp. (Symbol: STT) are two large leading stocks, posting a gain of 14.0% and 10.6%, respectively. Among Financial ETFs, a sector-tracking ETF is the Financial Select Sector SPDR ETF (Ticker: XLF), which is up 3.6% on the day and down 17.63% year-to-date. Citigroup Inc, meanwhile, is down 14.99% year-to-date and State Street Corp. is down 26.99% year-to-date. Together, C and STT represent approximately 3.3% of XLF’s underlying holdings.

The second best performing sector is the service sector, up 2.1%. Among the big service titles, Netflix Inc (Ticker: NFLX) and Penn National Gaming Inc (Ticker: PENN) are the most notable, posting a gain of 7.5% and 7.5%, respectively. One ETF closely tracking services stocks is the iShares US Consumer Services ETF (IYC), which is up 2.1% as of midday and down 28.82% year-to-date. Netflix Inc, meanwhile, is down 68.82% year-to-date, and Penn National Gaming Inc, is down 39.58% year-to-date. Together, NFLX and PENN represent approximately 1.9% of IYC’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
Financial +2.8%
Services +2.1%
Health care +2.0%
Technology and communication +1.6%
Industrial +1.6%
Energy +1.2%
Materials +1.1%
consumer products +0.5%
Utilities +0.1%

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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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