Quantcast

Friday Sector Laggards: Services, Financial


Shutterstock photo

The worst performing sector as of midday Friday is the Services sector, showing a 0.5% loss. Within that group, Advance Auto Parts Inc (Symbol: AAP) and Tractor Supply Co. (Symbol: TSCO) are two of the day's laggards, showing a loss of 4.2% and 2.6%, respectively. Among the largest ETFs , one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is down 0.2% on the day, and up 1.39% year-to-date. Advance Auto Parts Inc, meanwhile, is up 6.32% year-to-date, and Tractor Supply Co., is down 21.16% year-to-date. Combined, AAP and TSCO make up approximately 0.5% of the underlying holdings of IYC.

The next worst performing sector is the Financial sector, showing a 0.2% loss. Among large Financial stocks, Wells Fargo & Co. (Symbol: WFC) and PNC Financial Services Group (Symbol: PNC) are the most notable, showing a loss of 3.1% and 2.8%, respectively. One ETF closely tracking Financial stocks is the Financial Select Sector SPDR ETF ( XLF ), which is down 1.1% in midday trading, and down 0.84% on a year-to-date basis. Wells Fargo & Co., meanwhile, is down 15.21% year-to-date, and PNC Financial Services Group is up 2.74% year-to-date. Combined, WFC and PNC make up approximately 9.0% 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:

ETF 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, six sectors are up on the day, while three sectors are down.

Sector % Change
Energy +1.5%
Utilities +1.0%
Materials +0.3%
Healthcare +0.1%
Technology & Communications +0.1%
Industrial +0.1%
Consumer Products -0.1%
Financial -0.2%
Services -0.5%

25 Dividend Giants Widely Held By ETFs ยป

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
Referenced Symbols: XLF , AAP , TSCO , IYC , WFC



More from BNK Invest

Subscribe






BNK Invest
Contributor:

BNK Invest

Market News, Investing










Research Brokers before you trade

Want to trade FX?