Tuesday Sector Laggards: Energy, Technology & Communications

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In afternoon trading on Tuesday, Energy stocks are the worst performing sector, showing a 0.2% loss. Within that group, Apache Corp (Symbol: APA) and Chesapeake Energy Corp. (Symbol: CHK) are two large stocks that are lagging, showing a loss of 6.4% and 5.9%, respectively. Among energy ETFs , one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is up 0.3% on the day, and down 6.89% year-to-date. Apache Corp, meanwhile, is down 31.22% year-to-date, and Chesapeake Energy Corp., is down 43.86% year-to-date. Combined, APA and CHK make up approximately 1.8% of the underlying holdings of XLE.

The next worst performing sector is the Technology & Communications sector, showing a 0.1% loss. Among large Technology & Communications stocks, Symantec Corp (Symbol: SYMC) and Tripadvisor Inc (Symbol: TRIP) are the most notable, showing a loss of 3.6% and 1.9%, respectively. One ETF closely tracking Technology & Communications stocks is the Technology Select Sector SPDR ETF ( XLK ), which is down 0.1% in midday trading, and up 25.45% on a year-to-date basis. Symantec Corp, meanwhile, is up 32.59% year-to-date, and Tripadvisor Inc, is down 11.05% year-to-date. SYMC makes 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:

ETF Channel

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

Sector % Change
Utilities +0.7%
Consumer Products +0.4%
Financial +0.2%
Industrial +0.1%
Services 0.0%
Healthcare -0.0%
Materials 0.0%
Technology & Communications -0.1%
Energy -0.2%

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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: XLK , APA , CHK , XLE , SYMC

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