Friday Sector Laggards: Materials, Financial

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In afternoon trading on Friday, Materials stocks are the worst performing sector, higher by 0.2%. Within that group, Dow Inc (Symbol: DOW) and LyondellBasell Industries NV (Symbol: LYB) are two large stocks that are lagging, showing a loss of 4.6% and 1.7%, respectively. Among the high volume ETFs , one ETF closely following materials stocks is the Materials Select Sector SPDR ETF (Symbol: XLB), which is down 0.1% on the day, and up 14.86% year-to-date. Dow Inc, meanwhile, is up 14.38% year-to-date, and LyondellBasell Industries NV is up 10.22% year-to-date. Combined, DOW and LYB make up approximately 11.1% of the underlying holdings of XLB.

The next worst performing sector is the Financial sector, higher by 0.3%. Among large Financial stocks, The Charles Schwab Corporation (Symbol: SCHW) and Bank of New York Mellon Corp (Symbol: BK) are the most notable, showing a loss of 0.8% and 0.6%, respectively. One ETF closely tracking Financial stocks is the Financial Select Sector SPDR ETF ( XLF ), which is up 0.1% in midday trading, and up 12.24% on a year-to-date basis. The Charles Schwab Corporation, meanwhile, is up 7.60% year-to-date, and Bank of New York Mellon Corp is up 9.28% year-to-date. Combined, SCHW and BK make up approximately 3.2% of the underlying holdings of XLF.

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:

Portfolio Channel

Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Friday. As you can see, nine sectors are up on the day, while none of the sectors are down.

Sector % Change
Energy +2.4%
Healthcare +1.0%
Services +0.7%
Utilities +0.6%
Industrial +0.5%
Consumer Products +0.4%
Technology & Communications +0.4%
Financial +0.3%
Materials +0.2%

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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: XLF , DOW , LYB , XLB , SCHW

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