The worst performing sector as of midday Friday is the Technology & Communications sector, showing a 1.6% loss. Within that group, Applied Materials, Inc. (Symbol: AMAT) and Adobe Inc (Symbol: ADBE) are two large stocks that are lagging, showing a loss of 8.7% and 4.9%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is down 2.5% on the day, and up 19.39% year-to-date. Applied Materials, Inc., meanwhile, is up 5.52% year-to-date, and Adobe Inc, is down 15.56% year-to-date. Combined, AMAT and ADBE make up approximately 3.9% of the underlying holdings of XLK.
The next worst performing sector is the Services sector, showing a 1.4% loss. Among large Services stocks, Omnicom Group, Inc. (Symbol: OMC) and Warner Bros Discovery Inc (Symbol: WBD) are the most notable, showing a loss of 7.4% and 7.3%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF (IYC), which is down 1.1% in midday trading, and up 23.70% on a year-to-date basis. Omnicom Group, Inc., meanwhile, is up 14.81% year-to-date, and Warner Bros Discovery Inc, is down 19.73% year-to-date. Combined, OMC and WBD make up approximately 0.7% of the underlying holdings of IYC.
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, two sectors are up on the day, while seven sectors are down.
| Sector | % Change |
|---|---|
| Utilities | +1.0% |
| Financial | +0.1% |
| Materials | -0.4% |
| Energy | -0.4% |
| Consumer Products | -0.7% |
| Industrial | -1.0% |
| Healthcare | -1.2% |
| Services | -1.4% |
| Technology & Communications | -1.6% |
25 Dividend Giants Widely Held By ETFs »
Also see:
Institutional Holders of GGAC
VVI YTD Return
Funds Holding XPON
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
