Monday Sector Laggards: Services, Materials

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The worst performing sector as of midday Monday is the Services sector, showing a 0.4% loss. Within that group, Kohl's Corp. (Symbol: KSS) and Macy's Inc (Symbol: M) are two large stocks that are lagging, showing a loss of 4.3% and 3.4%, respectively. Among the largest ETFs , one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is up 0.1% on the day, and up 3.98% year-to-date. Kohl's Corp., meanwhile, is up 12.42% year-to-date, and Macy's Inc is up 21.29% year-to-date. Combined, KSS and M make up approximately 0.6% of the underlying holdings of IYC.

The next worst performing sector is the Materials sector, showing a 0.3% loss. Among large Materials stocks, International Flavors & Fragrances Inc. (Symbol: IFF) and CF Industries Holdings Inc (Symbol: CF) are the most notable, showing a loss of 10.1% and 3.1%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF ( XLB ), which is up 0.2% in midday trading, and down 3.94% on a year-to-date basis. International Flavors & Fragrances Inc., meanwhile, is down 15.77% year-to-date, and CF Industries Holdings Inc, is down 11.54% year-to-date. Combined, IFF and CF make up approximately 3.2% 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:

Dividend 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, six sectors are up on the day, while three sectors are down.

Sector % Change
Energy +1.6%
Technology & Communications +0.8%
Industrial +0.5%
Financial +0.4%
Consumer Products +0.2%
Healthcare +0.2%
Utilities -0.2%
Materials -0.3%
Services -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: XLB , KSS , M , IYC , IFF

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