During trading today, the S&P 500 dropped 0.7%, and the Services sector (IYC) showed little change.
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The ETF, as a proxy for the sector, tracked farther from the overall market today than over the past month. As trading began today, IYC was down 0.7% over the last thirty trading days while the S&P 500 climbed -0.6%.
Abercrombie & Fitch (ANF) was a major loser in the sector. Its price dropped 14.6% (-$4.96) to close at $29.06, as 15.6 million shares moved. The stock traded between $28.64 and $30.25.
Gap (GPS) was a major gainer in the sector, rising 12.7% (+$3.75) to close at $33.17 with 20.9 million shares moving. The stock traded in a range of $31.51 to $33.69. Shares are up over the last two months, having risen $7.64 (29.9%) from a price of $25.53 on June 5, 2012. Atlantic Tele-Network (ATNI) was another big mover, climbing $2.10 (+6%) to a closing price of $36.95.
GP Strategies Corporation (GPX) rose 10.3% to close at $18.55, cross its 50-day moving average of $17.27 and 200-day moving average of $16.09. Guess? (GES) declined 5.7% to close at $28.29, moving below its 50-day moving average of $28.55 and 200-day moving average of $29.46.
Dollar Thrifty Automotive Group (DTG) rose 6.7% to close at $76.43, approaching its 50-day moving average of $78.92. It has also moved closer to its 200-day moving average of $77.96. Directv (WPPGY) fell 2.6% to close at $48.80, moving closer to its 50-day moving average of $47.81. Also, the stock moved closer to its 200-day moving average of $62.21.