Friday Sector Laggards: Services, Financial

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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%

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

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