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Friday Sector Laggards: Technology & Communications, Consumer Products


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The worst performing sector as of midday Friday is the Technology & Communications sector, showing a 2.3% loss. Within that group, Western Digital Corp (Symbol: WDC) and Cerner Corp. (Symbol: CERN) are two large stocks that are lagging, showing a loss of 17.9% and 10.5%, respectively. Among technology ETFs , one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is down 1.6% on the day, and up 8.02% year-to-date. Western Digital Corp, meanwhile, is down 42.39% year-to-date, and Cerner Corp., is down 17.27% year-to-date. WDC makes up approximately 0.3% of the underlying holdings of XLK.

The next worst performing sector is the Consumer Products sector, showing a 1.7% loss. Among large Consumer Products stocks, Leggett & Platt, Inc. (Symbol: LEG) and Fortune Brands Home & Security, Inc. (Symbol: FBHS) are the most notable, showing a loss of 8.4% and 7.6%, respectively. One ETF closely tracking Consumer Products stocks is the iShares U.S. Consumer Goods ETF ( IYK ), which is down 1.3% in midday trading, and down 8.21% on a year-to-date basis. Leggett & Platt, Inc., meanwhile, is down 23.74% year-to-date, and Fortune Brands Home & Security, Inc., is down 35.97% year-to-date. LEG makes up approximately 0.2% of the underlying holdings of IYK.

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:

Chart Zero

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, none of the sectors are up on the day, while nine sectors are down.

Sector % Change
Healthcare -0.7%
Services -0.8%
Industrial -0.8%
Materials -0.8%
Energy -1.0%
Financial -1.1%
Utilities -1.4%
Consumer Products -1.7%
Technology & Communications -2.3%

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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: IYK , WDC , CERN , XLK , LEG



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