Services Sector Wrap

Markets FOXBusiness

During trading today, both the Services sector (IYC) and the S&P500 showed little movement.

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The ETF is 1.4% over its 50-day moving average and 8.3% over its 200-day moving average. The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past month. As trading began today, IYC was up 0.6% over the last thirty trading days, and the S&P 500 climbed -1.6%.

Digital Domain Media Group (DDMG) was a major gainer in the sector, rising 15% (+90 cents) to close at $6.90 with 1.1 million shares moving. The stock traded in a range of $5.90 to $7.

Alto Palermo (APSA) was one of the sector's big losers, as its price dropped 12.3% (-$1.73) to close at $12.30. 9,174 shares of the stock moved. The stock traded between $12.30 and $13.84.

United Rentals (URI) rose 11.8% to close at $45.75, cross its 50-day moving average of $41.91 and 200-day moving average of $33.21.

Alexandria Real Estate Equities (WPO) fell 1.2% to close at $72.95, moving closer to its 50-day moving average of $72.17. Also, the stock moved closer to its 200-day moving average of $371.36. (AMZN) rose 1.4% to close at $191.07, getting closer to its 200-day moving average or $194.47.

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