Monday Sector Laggards: Industrial, Services

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Looking at the sectors faring worst as of midday Monday, shares of Industrial companies are underperforming other sectors, showing a 0.7% loss. Within that group, L3 Technologies Inc (Symbol: LLL) and Boeing Co. (Symbol: BA) are two large stocks that are lagging, showing a loss of 2.7% and 2.6%, respectively. Among industrial ETFs , one ETF following the sector is the Industrial Select Sector SPDR ETF (Symbol: XLI), which is flat on the day on the day, and up 3.67% year-to-date. L3 Technologies Inc, meanwhile, is up 3.92% year-to-date, and Boeing Co. is up 17.70% year-to-date. Combined, LLL and BA make up approximately 8.6% of the underlying holdings of XLI.

The next worst performing sector is the Services sector, showing a 0.2% loss. Among large Services stocks, The Gap Inc (Symbol: GPS) and Best Buy Inc (Symbol: BBY) are the most notable, showing a loss of 2.6% and 2.2%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF ( IYC ), which is up 0.1% in midday trading, and up 6.98% on a year-to-date basis. The Gap Inc, meanwhile, is down 4.74% year-to-date, and Best Buy Inc is up 5.43% year-to-date. Combined, GPS and BBY make up approximately 0.7% 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:

Stock Options Channel

Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Monday. As you can see, two sectors are up on the day, while five sectors are down.

Sector % Change
Utilities +0.5%
Materials +0.2%
Consumer Products 0.0%
Energy 0.0%
Healthcare -0.1%
Services -0.2%
Financial -0.2%
Technology & Communications -0.2%
Industrial -0.7%

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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 , LLL , BA , XLI , GPS

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