Thursday Sector Laggards: Services, Consumer Products

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Shutterstock photo

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Looking at the sectors faring worst as of midday Thursday, shares of Services companies are underperforming other sectors, showing a 1.7% loss. Within that group, Dollar Tree Inc (Symbol: DLTR) and Dollar General Corp (Symbol: DG) are two of the day's laggards, showing a loss of 13.6% and 9.5%, respectively. Among the largest ETFs , one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is down 1.0% on the day, and up 4.70% year-to-date. Dollar Tree Inc, meanwhile, is down 22.44% year-to-date, and Dollar General Corp, is down 5.49% year-to-date. Combined, DLTR and DG make up approximately 1.3% of the underlying holdings of IYC.

The next worst performing sector is the Consumer Products sector, showing a 1.6% loss. Among large Consumer Products stocks, Clorox Co (Symbol: CLX) and Kimberly-Clark Corp. (Symbol: KMB) are the most notable, showing a loss of 4.7% and 4.5%, respectively. One ETF closely tracking Consumer Products stocks is the iShares U.S. Consumer Goods ETF ( IYK ), which is down 1.3% in midday trading, and down 9.50% on a year-to-date basis. Clorox Co , meanwhile, is down 17.98% year-to-date, and Kimberly-Clark Corp., is down 15.71% year-to-date. Combined, CLX and KMB make up approximately 2.5% of the underlying holdings of IYK.

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 Thursday. As you can see, one sector is up on the day, while eight sectors are down.

Sector % Change
Utilities +0.2%
Technology & Communications -0.5%
Healthcare -0.9%
Energy -0.9%
Financial -1.0%
Industrial -1.3%
Materials -1.3%
Consumer Products -1.6%
Services -1.7%

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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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