Monday Sector Laggards: Technology & Communications, Energy

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The worst performing sector as of midday Monday is the Technology & Communications sector, showing a 2.2% loss. Within the sector, Micron Technology Inc. (Symbol: MU) and IPG Photonics Corp (Symbol: IPGP) are two large stocks that are lagging, showing a loss of 6.5% and 5.9%, respectively. Among technology ETFs , one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is down 2.4% on the day, and up 8.78% year-to-date. Micron Technology Inc., meanwhile, is up 29.89% year-to-date, and IPG Photonics Corp is up 2.94% year-to-date. Combined, MU and IPGP make up approximately 1.1% of the underlying holdings of XLK.

The next worst performing sector is the Energy sector, showing a 2.0% loss. Among large Energy stocks, HollyFrontier Corp (Symbol: HFC) and Marathon Oil Corp. (Symbol: MRO) are the most notable, showing a loss of 4.7% and 4.7%, respectively. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF ( XLE ), which is down 1.9% in midday trading, and up 3.37% on a year-to-date basis. HollyFrontier Corp, meanwhile, is up 33.74% year-to-date, and Marathon Oil Corp. is up 21.53% year-to-date. Combined, HFC and MRO make up approximately 2.2% of the underlying holdings of XLE.

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 Monday. As you can see, one sector is up on the day, while eight sectors are down.

Sector % Change
Utilities +1.6%
Consumer Products -0.2%
Financial -0.7%
Services -1.3%
Materials -1.3%
Healthcare -1.4%
Industrial -1.4%
Energy -2.0%
Technology & Communications -2.2%

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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: XLE , MU , IPGP , XLK , HFC

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