Markets APO

Friday Sector Laggards: Financial, Technology & Communications

The worst performing sector as of midday Friday is the Financial sector, showing a 1.7% loss. Within the sector, Apollo Global Management Inc (new (Symbol: APO) and KKR & CO Inc (Symbol: KKR) are two large stocks that are lagging, showing a loss of 8.4% and 7.2%, respectively. Among financial ETFs, one ETF following the sector is the Financial Select Sector SPDR ETF (Symbol: XLF), which is down 2.3% on the day, and down 6.38% year-to-date. Apollo Global Management Inc (new, meanwhile, is down 27.22% year-to-date, and KKR & CO Inc, is down 31.73% year-to-date. Combined, APO and KKR make up approximately 1.5% of the underlying holdings of XLF.

The next worst performing sector is the Technology & Communications sector, showing a 0.6% loss. Among large Technology & Communications stocks, Teradyne, Inc. (Symbol: TER) and Robinhood Markets Inc (Symbol: HOOD) are the most notable, showing a loss of 5.7% and 5.2%, respectively. One ETF closely tracking Technology & Communications stocks is the Technology Select Sector SPDR ETF (XLK), which is down 1.9% in midday trading, and down 3.91% on a year-to-date basis. Teradyne, Inc., meanwhile, is up 62.12% year-to-date, and Robinhood Markets Inc, is down 33.41% year-to-date. TER 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:

Metals Channel

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

Sector% Change
Energy+1.3%
Utilities+1.0%
Healthcare+0.7%
Consumer Products+0.3%
Materials+0.3%
Services-0.0%
Technology & Communications-0.6%
Industrial-0.6%
Financial-1.7%

25 Dividend Giants Widely Held By ETFs »

Also see:

• Institutional Holders of CLAC
• DST Price Target
• Funds Holding MGEE

BNK Invest
BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally.
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