Friday Sector Laggards: Technology & Communications, Materials

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The worst performing sector as of midday Friday is the Technology & Communications sector, showing a 1.6% loss. Within that group, IPG Photonics Corp (Symbol: IPGP) and Xilinx, Inc. (Symbol: XLNX) are two large stocks that are lagging, showing a loss of 13.0% and 4.8%, respectively. Among technology ETFs , one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is down 1.5% on the day, and up 15.98% year-to-date. IPG Photonics Corp, meanwhile, is down 37.45% year-to-date, and Xilinx, Inc. is up 17.71% year-to-date. Combined, IPGP and XLNX make up approximately 0.5% of the underlying holdings of XLK.

The next worst performing sector is the Materials sector, showing a 1.3% loss. Among large Materials stocks, Eastman Chemical Co (Symbol: EMN) and Goodyear Tire & Rubber Co. (Symbol: GT) are the most notable, showing a loss of 5.1% and 4.7%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF ( XLB ), which is down 1.0% in midday trading, and down 3.71% on a year-to-date basis. Eastman Chemical Co, meanwhile, is up 0.59% year-to-date, and Goodyear Tire & Rubber Co., is down 30.21% year-to-date. EMN makes up approximately 2.5% of the underlying holdings of XLB.

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:

Energy Stock 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, one sector is up on the day, while eight sectors are down.

Sector % Change
Utilities +1.5%
Financial -0.2%
Consumer Products -0.4%
Energy -0.4%
Healthcare -0.7%
Industrial -0.9%
Services -1.0%
Materials -1.3%
Technology & Communications -1.6%

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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: XLB , IPGP , XLNX , XLK , EMN

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