Monday Sector Laggards: Financial, Technology & Communications

Looking at the sectors faring worst as of midday Monday, shares of Financial companies are underperforming other sectors, showing a 0.5% loss. Within that group, Goldman Sachs Group Inc (the (Symbol: GS) and M & T Bank Corp (Symbol: MTB) are two large stocks that are lagging, showing a loss of 3.2% and 2.3%, respectively. Among financial ETFs, one ETF following the sector is the Financial Select Sector SPDR ETF (Symbol: XLF), which is down 0.5% on the day, and up 13.92% year-to-date. Goldman Sachs Group Inc (the, meanwhile, is up 20.92% year-to-date, and M & T Bank Corp is up 15.20% year-to-date. Combined, GS and MTB make up approximately 2.9% of the underlying holdings of XLF.

The next worst performing sector is the Technology & Communications sector, showing a 0.4% loss. Among large Technology & Communications stocks, Electronic Arts, Inc. (Symbol: EA) and Activision Blizzard, Inc. (Symbol: ATVI) are the most notable, showing a loss of 3.9% and 3.1%, respectively. One ETF closely tracking Technology & Communications stocks is the Technology Select Sector SPDR ETF (XLK), which is down 0.2% in midday trading, and up 24.08% on a year-to-date basis. Electronic Arts, Inc., meanwhile, is up 24.00% year-to-date, and Activision Blizzard, Inc., is down 0.79% year-to-date.

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 Monday. As you can see, three sectors are up on the day, while six sectors are down.

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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.


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