Markets AMD

Friday Sector Laggards: Technology & Communications, Energy

In afternoon trading on Friday, Technology & Communications stocks are the worst performing sector, showing a 1.2% loss. Within the sector, Advanced Micro Devices Inc (Symbol: AMD) and ON Semiconductor Corp (Symbol: ON) are two of the day's laggards, showing a loss of 4.0% and 3.8%, 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 down 22.24% year-to-date. Advanced Micro Devices Inc, meanwhile, is down 48.33% year-to-date, and ON Semiconductor Corp is up 4.79% year-to-date. Combined, AMD and ON make up approximately 1.7% of the underlying holdings of XLK.

The next worst performing sector is the Energy sector, showing a 0.8% loss. Among large Energy stocks, EQT Corp (Symbol: EQT) and Valero Energy Corp (Symbol: VLO) are the most notable, showing a loss of 3.8% and 3.7%, respectively. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF (XLE), which is down 1.0% in midday trading, and up 66.35% on a year-to-date basis. EQT Corp, meanwhile, is up 85.60% year-to-date, and Valero Energy Corp is up 74.46% year-to-date. Combined, EQT and VLO make up approximately 4.3% 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:

{{ InlineImage1 }}

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 seven sectors are down.

Sector % Change
Materials +0.4%
Consumer Products -0.0%
Healthcare -0.2%
Industrial -0.2%
Services -0.5%
Utilities -0.6%
Financial -0.6%
Energy -0.8%
Technology & Communications -1.2%

25 Dividend Giants Widely Held By ETFs »

Also see:
• Waste Management Dividend Stocks
• CORT Average Annual Return
• SLG Split History

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.
Waste Management Dividend Stocks CORT Average Annual Return SLG Split History More articles by this source

Latest Articles

Data is currently not available