Wednesday's S&P Sector Recap 6/22/11

The S&P 500 traded in positive territory for most of session on Wednesday, but sellers came in around 2:25pm, as the index neared its intraday high of 1298.61. The S&P proceeded to drop 11.47 points to close at 1287.14 – down 8.38 on the day. The Sector Breakdown for Wednesday's session is as follows:

The Consumer Services Sector was the weakest area of the market in Wednesday's session, losing 0.84% on the day. The worst performing stocks in the S&P 500 Consumer Services Sector in today's action were:

1) Gannet (NYSE:

GCI

): Shares of Gannet closed down 3.9% from yesterday's close to $13.61. 2) Gamestop (NYSE:

GME

): Shares of Gamestop closed down 3.5% from yesterday's close to $26.54. 3) Sears Holdings (NASDAQ:

SHLD

): Shares of Sears Holdings closed down 3.4% from yesterday's close to $71.01.

Strength in the Sector: The following stocks showed signs of strength in Wednesday's session, despite overall sector weakness:

1) Carmax (NYSE:

KMX

): Shares of Carmax closed up 7% from yesterday's close to 32.66. 2) Starbucks (NASDAQ:

SBUX

): Shares of Starbucks closed up 1.5% from yesterday's close to $37.28.

The Technology Sector was one of the weakest areas of the market in Wednesday's session, losing 0.82% on the day. The worst performing stocks in the S&P 500 Technology Sector in today's action were:

1) Adobe Systems (NASDAQ:

ADBE

): Shares of Adobe closed down 6.25% from yesterday's close to $30.01. 2) LSI (NYSE:

LSI

): Shares of LSI closed down 2.7% from yesterday's close to $6.80. 3) Juniper Networks (NYSE: JNRP): Shares of Juniper Networks closed down 2.4% from yesterday's close to $29.53.

Strength in the Sector: The following stocks showed signs of strength in Wednesday's session, despite overall Sector weakness:

1) Tellabs (NASDAQ:

TLAB

): Shares of Tellabs closed up 2.3% from yesterday's close to $4.41. 2) F5 Networks (NASDAQ:

FFIV

): Shares of F5 Networks closed up 1.8% from yesterday's close to $104.81.

The Utilities Sector lost 0.7% in Wednesday's trading session. The weakest performing stocks in the S&P 500 Utilities sector in today's action were:

1) NRG Energy (NYSE:

NRG

): Shares of Energy closed down 1.3% from yesterday's close to $23.40. 2) Ameren (NYSE:

AEE

): Shares of Ameren closed down 1.3% from yesterday's close to $28.49. 3) The AES (NYSE:

AES

): Shares of AES closed down 1.2% from yesterday's close to $12.34.

The Financials Sector lost 0.6% in Wednesday's trading session. The weakest performing stocks in the S&P 500 Financials Sector in today's action were:

1) Federated Investors (NYSE:

FII

): Shares of Federated Investors closed down 3.1% from yesterday's close to $24.08. 2) Janus Capital (NYSE:

JNS

): Shares of Janus Capital closed down 3.1% from yesterday's close to $9.15. 3) CB Richard Ellis Group (NYSE:

CBG

): Shares of CB Richard Ellis closed down 2.8% from yesterday's close to $24.08.

Strength in the Sector: The following stocks showed signs of strength in Wednesday's session, despite overall sector weakness:

1) Kimco Realty (NYSE:

KIM

): Shares of Kimco Realty closed up 0.6% from yesterday's close to $18.27. 2) American Express (NYSE:

AXP

): Shares of American Express closed up 0.6% from yesterday's close to $49.85.

The Consumer Goods Sector lost 0.6% in Wednesday's trading session. The weakest performing stocks in the S&P 500 Consumer Goods sector in today's action were:

1) Nike (NYSE:

NKE

): Shares of Nike closed down 3% from yesterday's close to $81.95. 2) Philip Morris International (NYSE:

): Shares of Philip Morris closed down 2% from yesterday's close to $6.65. 3) Leggett And Platt (NYSE:

LEG

): Shares of Leggett And Platt closed down 1.9% from yesterday's close to $23. 27.

Strength in the Sector: The following stocks showed signs of strength in Wednesday's session, despite overall Sector weakness:

1) Conagra Foods (NYSE:

CAG

): Shares of Conagra Foods closed up 2% from yesterday's close to $25.42. 2) Lennar (NYSE:

LEN

): Shares of Lennar closed up 1.5% from yesterday's close to $18.10.

The Industrials Sector lost 0.6% in Wednesday's trading session. The weakest performing stocks in the S&P 500 Industrials Sector in today's action were:

1) Boeing (NYSE:

): Shares of Boeing closed down 2.5% from yesterday's close to $72.12. 2) Agilent Technologies (NYSE:

): Shares of Agilent Technologies closed down 1.8% from yesterday's close to $48.95. 3) Cummins (NYSE:

CMI

): Shares of Cummins closed down 1.4% from yesterday's close to $96.08.

Strength in the Sector: The following stocks showed signs of strength in Wednesday's trading session, despite overall Sector weakness:

1) L 3 Communications (NYSE:

LLL

): Shares of L 3 Communications closed up 4.6% from yesterday's close to 86.21. 2) Jabil Circuit (NYSE:

JBL

): Shares of Jabil Circuit closed up 3.2% from yesterday's close to $19.45.

The Health Care Sector lost 0.6% in Wednesday's trading session. The weakest performing stocks in the S&P 500 Health Care Sector in today's action were:

1) Medco Health Solutions (NYSE:

MHS

): Shares of Medco Health closed down 2.6% from yesterday's close to $54.81. 2) Zimmer Holdings (NYSE:

ZMH

): Shares of Zimmer closed down 2.1% from yesterday's close to $62.15. 3) St. Jude Medical (NYSE:

STJ

): Shares of St. Jude Medical closed down 1.9% from yesterday's close to $48.67.

Strength in the Sector: The following stocks showed signs of strength in Wednesday's session, despite overall Sector Weakness:

1) Boston Scientific (NYSE:

BSX

): Shares of Boston Scientific closed up 2% from yesterday's close to $7.06. 2) DENTSPLY International (NASDAQ:

XRAY

): Shares of DENTSPLY International closed up 1.9% from yesterday's close to $38.32.

The Telecomm Sector lost 0.54% in Wednesday's session. The weakest performing stocks in the S&P 500 Telecomm Sector in today's action were:

1) Sprint Nextel (NYSE:

): Shares of Sprint Nextel closed down 2.3% from yesterday's close to $5.12. 2) Leucadia National (NYSE:

LUK

): Shares of Leucadia National closed down 2% from yesterday's close to $32.74. 3) AT&T (NYSE:

): Shares of AT&T closed down 0.7% from yesterday's close to $30.88.

The Oil & Gas Sector lost 0.4% in Wednesday's session. The weakest performing stocks in the S&P 500 Oil & Gas Sector in today's action were:

1) Occidental Petroleum (NYSE:

OXY

): Shares of Occidental Petroleum closed down 1.4% from yesterday's close to $100.93. 2) Denbury Resources (NYSE:

DNR

): Shares of Denbury Resources closed down 1% from yesterday's close to $19.40. 3) Exxon Mobil (NYSE:

XOM

): Shares of Exxon Mobil closed down 0.9% from yesterday's close to $79.82.

Strength in the Sector: The following stocks showed signs of strength in Wednesday's session, despite overall Sector weakness:

1) Marathon Oil (NYSE:

MRO

): Shares of Marathon Oil closed up 1.2% from yesterday's close to $52.79. 2) Diamond Offshore Drilling (NYSE:

): Shares of Diamond Offshore drilling closed up 1% from yesterday's close to $68.70.

The Basic Materials Sector was the strongest performing area in Wednesday's session, but still lost 0.3% on the day. The weakest stocks in the S&P 500 Basic Materials Sector in today's action were:

1) CF Industries (NYSE:

): Shares of CF Industries closed down 2.8% from yesterday's close to $142.75. 2) Allegheny Technologies (NYSE:

ATI

): Shares of Allegheny Technologies closed down 2.5% from yesterday's close to $59.91. 3) Avery Dennison (NYSE:

AVY

): Shares of Avery Dennison closed down 0.9% from yesterday's close to $37.05.

Strength in the Sector: The following stocks showed signs of strength in Wednesday's session, despite overall Sector Weakness:

1) Alpha Natural Resources (NYSE:

ANR

): Shares of Alpha Natural Resources closed up 1.8% from yesterday's close to $43.61. 2) Newmont Mining (NYSE:

NEM

): Shares of Newmont Mining closed up 1.5% from yesterday's close to $54.09. 3) United States Steel (NYSE: