Wednesday Sector Leaders: Technology & Communications, Services
From Nasdaq:
Technology & Communications companies are performing the best, with shares up 0.3%. Palo Alto Networks, Inc and Uber Technologies Inc are leading, gaining 4.8% and 3.2%, respectively. In the technology sector, the Technology Select Sector SPDR ETF (Symbol: XLK) is up 0.6% today, and down 1.16% year-to-date.
The Services sector is up 0.2%, with Meta Platforms Inc and Lennar Corp showing gains of 3.6% and 3.2%, respectively. The iShares U.S. Consumer Services ETF (IYC) is up 0.6%, and down 0.99% on a year-to-date basis. LEN makes up approximately 0.7% of the underlying holdings of IYC.
Four of the S&P 500 sectors are up as of Wednesday afternoon: Technology & Communications (+0.3%), Services (+0.2%), Healthcare (+0.2%), and Industrial (+0.2%). The other four sectors are all down, with Utilities (-0.0%) and Financial (-0.1%) showing a slight decrease, while Materials (-0.3%) and Consumer Products (-0.6%) are seeing a larger decline.
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