On a trading day that saw the S&P 500 gain 0.7%, the Services sector (IYC) showed little change.
Despite being down today, the ETF, as a as a proxy for sector performance, tracked closer to the overall market than over the past week. Entering today's trading, IYC was up 2.4% over the last seven trading days while the S&P 500 was down 4.1%.
Increasing 10.7% (+$4.47) to close at $46.11, The Corporate Executive Board Company (EXBD) was a major gainer in the sector. Today, 597,635 shares traded hands. The stock traded in a range of $43.99 to $47.77. Shares have been on an upward trajectory over the past month, rising $11.14 (31.9%) from a price of $34.97 on June 4, 2012.
InnerWorkings (INWK) was a major loser in the sector. Its price dropped 8.3% (-$1.16) to close at $12.76, as 399,243 shares moved. The stock traded in a range of $12.68 to $13.42. The stock has been on the rise in the last two months, up $2.27 (21.6%) from a price of $10.49 on May 4, 2012.
Lowe's Cos (LOW) declined 3.5% to close at $27.62, moving below its 50-day moving average of $27.85 and 200-day moving average of $28.05.
Group one Automotive (GPI) rose 3.1% to close at $47.71, approaching its 50-day moving average of $49.32. It has also moved closer to its 200-day moving average of $52.14. Home Depot (WPO) fell 2.6% to close at $51.65, moving closer to its 50-day moving average of $50.97. Also, the stock moved closer to its 200-day moving average of $369.30.
Groupon (GRPN) hit a new 52-week low today, hitting $8.72 to fall below the previous low of $8.80.