Wednesday Sector Laggards: Materials, Consumer Products

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In afternoon trading on Wednesday, Materials stocks are the worst performing sector, showing a 0.8% loss. Within the sector, Masco Corp. (Symbol: MAS) and Packaging Corp of America (Symbol: PKG) are two large stocks that are lagging, showing a loss of 2.2% and 2.2%, respectively. Among the high volume ETFs , one ETF closely following materials stocks is the Materials Select Sector SPDR ETF (Symbol: XLB), which is down 0.9% on the day, and up 0.27% year-to-date. Masco Corp., meanwhile, is down 13.01% year-to-date, and Packaging Corp of America is up 0.80% year-to-date. PKG makes up approximately 1.8% of the underlying holdings of XLB.

The next worst performing sector is the Consumer Products sector, showing a 0.5% loss. Among large Consumer Products stocks, PVH Corp (Symbol: PVH) and Fortune Brands Home & Security, Inc. (Symbol: FBHS) are the most notable, showing a loss of 2.3% and 2.2%, respectively. One ETF closely tracking Consumer Products stocks is the iShares U.S. Consumer Goods ETF ( IYK ), which is down 0.5% in midday trading, and down 5.50% on a year-to-date basis. PVH Corp, meanwhile, is up 18.41% year-to-date, and Fortune Brands Home & Security, Inc., is down 16.55% year-to-date. PVH makes up approximately 0.6% of the underlying holdings of IYK.

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

Sector % Change
Healthcare +0.1%
Technology & Communications 0.0%
Energy -0.1%
Utilities -0.2%
Financial -0.2%
Industrial -0.3%
Services -0.4%
Consumer Products -0.5%
Materials -0.8%

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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: IYK , MAS , PKG , XLB , PVH

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