Markets
XLK

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.

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

10 ETFs With Stocks That Insiders Are Buying »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

XLK GS XLF MTB EA

Other Topics

Investing

Latest Markets Videos