Friday Sector Laggards: Technology & Communications, Services

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The worst performing sector as of midday Friday is the Technology & Communications sector, showing a 0.4% loss. Within the sector, CenturyLink Inc (Symbol: CTL) and KLA-Tencor Corp. (Symbol: KLAC) are two of the day's laggards, showing a loss of 2.1% and 1.9%, respectively. Among technology ETFs , one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is down 0.2% on the day, and up 34.43% year-to-date. CenturyLink Inc, meanwhile, is down 20.46% year-to-date, and KLA-Tencor Corp. is up 37.35% year-to-date. Combined, CTL and KLAC make up approximately 0.6% of the underlying holdings of XLK.

The next worst performing sector is the Services sector, showing a 0.3% loss. Among large Services stocks, Chipotle Mexican Grill Inc (Symbol: CMG) and Macy's Inc (Symbol: M) are the most notable, showing a loss of 1.8% and 1.4%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF ( IYC ), which is down 0.3% in midday trading, and up 20.12% on a year-to-date basis. Chipotle Mexican Grill Inc, meanwhile, is down 23.27% year-to-date, and Macy's Inc, is down 24.95% year-to-date. Combined, CMG and M make up approximately 0.5% of the underlying holdings of IYC.

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:

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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 six sectors are down.

Sector % Change
Utilities +0.1%
Industrial 0.0%
Materials -0.0%
Consumer Products -0.1%
Financial -0.1%
Energy -0.2%
Services -0.3%
Healthcare -0.3%
Technology & Communications -0.4%

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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: IYC , CTL , KLAC , XLK , CMG

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