Looking at the sectors faring worst as of midday Friday, shares of Technology & Communications companies are underperforming other sectors, showing a 1.2% loss. Within the sector, CrowdStrike Holdings Inc (Symbol: CRWD) and Intel Corp (Symbol: INTC) are two large stocks that are lagging, showing a loss of 11.7% and 5.1%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is down 1.4% on the day, and up 15.31% year-to-date. CrowdStrike Holdings Inc, meanwhile, is up 18.62% year-to-date, and Intel Corp, is down 33.64% year-to-date. Combined, CRWD and INTC make up approximately 2.2% of the underlying holdings of XLK.
The next worst performing sector is the Materials sector, showing a 1.1% loss. Among large Materials stocks, PPG Industries Inc (Symbol: PPG) and FMC Corp. (Symbol: FMC) are the most notable, showing a loss of 3.6% and 3.3%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is down 1.0% in midday trading, and up 6.14% on a year-to-date basis. PPG Industries Inc, meanwhile, is down 14.24% year-to-date, and FMC Corp., is down 6.23% year-to-date. Combined, PPG and FMC make up approximately 3.6% of the underlying holdings of XLB.
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 |
|---|---|
| Healthcare | +0.2% |
| Utilities | -0.2% |
| Energy | -0.2% |
| Services | -0.3% |
| Financial | -0.5% |
| Industrial | -0.6% |
| Consumer Products | -1.0% |
| Materials | -1.1% |
| Technology & Communications | -1.2% |
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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.
