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Friday Sector Laggards: Materials, Financial

The worst performing sector as of midday Friday is the Materials sector, showing a 1.3% loss. Within that group, Sealed Air Corp (Symbol: SEE) and FMC Corp. (Symbol: FMC) are two large stocks that are lagging, showing a loss of 3.8% and 2.7%, respectively. Among the high volume ETFs , one ETF closely following materials stocks is the Materials Select Sector SPDR ETF (Symbol: XLB), which is down 1.2% on the day, and down 2.02% year-to-date. Sealed Air Corp, meanwhile, is down 18.48% year-to-date, and FMC Corp., is down 6.93% year-to-date. Combined, SEE and FMC make up approximately 3.2% of the underlying holdings of XLB.

The next worst performing sector is the Financial sector, showing a 1.0% loss. Among large Financial stocks, Brighthouse Financial Inc (Symbol: BHF) and MetLife Inc (Symbol: MET) are the most notable, showing a loss of 6.1% and 3.5%, respectively. One ETF closely tracking Financial stocks is the Financial Select Sector SPDR ETF ( XLF ), which is down 1.2% in midday trading, and up 0.96% on a year-to-date basis. Brighthouse Financial Inc, meanwhile, is down 31.75% year-to-date, and MetLife Inc, is down 9.48% year-to-date. Combined, BHF and MET make up approximately 1.5% of the underlying holdings of XLF.

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:

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, one sector is up on the day, while eight sectors are down.

Sector % Change
Energy +0.5%
Utilities -0.2%
Healthcare -0.5%
Industrial -0.6%
Consumer Products -0.7%
Services -0.9%
Technology & Communications -0.9%
Financial -1.0%
Materials -1.3%

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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.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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XLB SEE BHF FMC XLF

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