Services Sector Wrap

Markets FOXBusiness

The Services sector (IYC) held steady on a trading day that saw S&P 500 drop 0.4%.

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Although it went in the opposite direction of the market today, the ETF tracked closer to the overall market today than over the past month. At the start of trading today, IYC was down 2.3% over the last thirty trading days while the S&P 500 was down 4.5%.

Millennial Media (MM) was a major loser in the sector. Its price dropped 14.6% (-$1.96) to close at $11.44, as 1.5 million shares moved. The stock traded between $10.98 and $13.62.

Stratus Properties (STRS) was a major gainer in the sector, rising 13.7% (+$1.12) to close at $9.30 with 1,498 shares moving. The stock traded in a range of $8.12 to $9.30.

AutoZone (AZO) rose 1.7% to close at $388.87, cross its 50-day moving average of $383.97 and 200-day moving average of $358.11.

Blue Nile (NILE) rose 3.1% to close at $29.95, approaching its 50-day moving average of $30.50. It has also moved closer to its 200-day moving average of $35.47. Hibbett Sports (ELS) fell 2.2% to close at $58.23, moving closer to its 50-day moving average of $57.57. Also, the stock moved closer to its 200-day moving average of $67.08.

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Darden Restaurants (DRI) hit a new 52-week high today, reaching $55.84 to top the previous high of $53.81.

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