Monday Sector Laggards: Services, Utilities

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The worst performing sector as of midday Monday is the Services sector, showing a 0.8% loss. Within that group, Kohl's Corp. (Symbol: KSS) and Macy's Inc (Symbol: M) are two large stocks that are lagging, showing a loss of 4.6% and 3.5%, respectively. Among the largest ETFs , one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is down 0.4% on the day, and up 5.50% year-to-date. Kohl's Corp., meanwhile, is down 20.66% year-to-date, and Macy's Inc, is down 16.69% year-to-date. Combined, KSS and M make up approximately 0.5% of the underlying holdings of IYC.

The next worst performing sector is the Utilities sector, showing a 0.8% loss. Among large Utilities stocks, AES Corp. (Symbol: AES) and FirstEnergy Corp (Symbol: FE) are the most notable, showing a loss of 2.6% and 1.4%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF ( XLU ), which is down 0.7% in midday trading, and up 5.51% on a year-to-date basis. AES Corp., meanwhile, is down 2.93% year-to-date, and FirstEnergy Corp is up 1.05% year-to-date. Combined, AES and FE make up approximately 3.3% of the underlying holdings of XLU.

Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:


Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Monday. As you can see, one sector is up on the day, while eight sectors are down.

Sector % Change
Materials +0.2%
Consumer Products -0.1%
Technology & Communications -0.1%
Healthcare -0.2%
Industrial -0.2%
Financial -0.3%
Services -0.8%
Utilities -0.8%
Energy -0.8%

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas
Referenced Symbols: XLU , KSS , M , IYC , AES

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