Thursday Sector Laggards: Utilities, Technology & Communications

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The worst performing sector as of midday Thursday is the Utilities sector, up 0.5%. Within that group, PPL Corp (Symbol: PPL) and NRG Energy Inc (Symbol: NRG) are two large stocks that are lagging, showing a loss of 2.1% and 1.0%, respectively. Among utilities ETFs , one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is up 0.6% on the day, and up 11.28% year-to-date. PPL Corp, meanwhile, is up 7.32% year-to-date, and NRG Energy Inc, is down 9.89% year-to-date. Combined, PPL and NRG make up approximately 4.1% of the underlying holdings of XLU.

The next worst performing sector is the Technology & Communications sector, higher by 0.5%. Among large Technology & Communications stocks, Qorvo Inc (Symbol: QRVO) and Skyworks Solutions, Inc. (Symbol: SWKS) are the most notable, showing a loss of 6.2% and 5.7%, respectively. One ETF closely tracking Technology & Communications stocks is the Technology Select Sector SPDR ETF ( XLK ), which is up 1.1% in midday trading, and up 23.19% on a year-to-date basis. Qorvo Inc, meanwhile, is up 13.23% year-to-date, and Skyworks Solutions, Inc. is up 11.41% year-to-date. Combined, QRVO and SWKS make up approximately 0.4% of the underlying holdings of XLK.

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 Message Boards

Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Thursday. As you can see, nine sectors are up on the day, while none of the sectors are down.

Sector % Change
Industrial +1.3%
Financial +1.1%
Materials +1.1%
Services +0.8%
Energy +0.8%
Healthcare +0.7%
Consumer Products +0.6%
Utilities +0.5%
Technology & Communications +0.5%

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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 , Stocks
Referenced Symbols: XLK , PPL , NRG , XLU , QRVO

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