TXN

Friday Sector Laggards: Technology & Communications, Energy

The worst performing sector as of midday Friday is the Technology & Communications sector, showing a 0.8% loss. Within the sector, Texas Instruments Inc. (Symbol: TXN) and Microchip Technology Inc (Symbol: MCHP) are two of the day's laggards, showing a loss of 7.5% and 6.3%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is down 1.2% on the day, and up 2.72% year-to-date. Texas Instruments Inc., meanwhile, is down 1.05% year-to-date, and Microchip Technology Inc, is down 2.69% year-to-date. Combined, TXN and MCHP make up approximately 2.1% of the underlying holdings of XLK.

The next worst performing sector is the Energy sector, showing a 0.4% loss. Among large Energy stocks, Diamondback Energy, Inc. (Symbol: FANG) and ConocoPhillips (Symbol: COP) are the most notable, showing a loss of 1.8% and 1.6%, respectively. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF (XLE), which is down 0.6% in midday trading, and up 7.04% on a year-to-date basis. Diamondback Energy, Inc., meanwhile, is up 5.92% year-to-date, and ConocoPhillips is up 3.15% year-to-date. Combined, FANG and COP make up approximately 10.1% of the underlying holdings of XLE.

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:

The Online Investor

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, four sectors are up on the day, while four sectors are down.

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

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Also see:

• Consumer Goods Dividend Stocks
• SAL Historical Stock Prices
• LABU Split History

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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