Monday Sector Laggards: Industrial, Services

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Looking at the sectors faring worst as of midday Monday, shares of Industrial companies are underperforming other sectors, showing a 0.7% loss. Within that group, L3 Technologies Inc (Symbol: LLL) and Boeing Co. (Symbol: BA) are two large stocks that are lagging, showing a loss of 2.7% and 2.6%, respectively. Among industrial ETFs , one ETF following the sector is the Industrial Select Sector SPDR ETF (Symbol: XLI), which is flat on the day on the day, and up 3.67% year-to-date. L3 Technologies Inc, meanwhile, is up 3.92% year-to-date, and Boeing Co. is up 17.70% year-to-date. Combined, LLL and BA make up approximately 8.6% of the underlying holdings of XLI.

The next worst performing sector is the Services sector, showing a 0.2% loss. Among large Services stocks, The Gap Inc (Symbol: GPS) and Best Buy Inc (Symbol: BBY) are the most notable, showing a loss of 2.6% and 2.2%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF ( IYC ), which is up 0.1% in midday trading, and up 6.98% on a year-to-date basis. The Gap Inc, meanwhile, is down 4.74% year-to-date, and Best Buy Inc is up 5.43% year-to-date. Combined, GPS and BBY 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 Monday. As you can see, two sectors are up on the day, while five 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.


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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