Looking at the sectors faring worst as of midday Thursday, shares of Services companies are underperforming other sectors, showing a 0.7% loss. Within that group, Best Buy Inc (Symbol: BBY) and Fox Corp (Symbol: FOX) are two large stocks that are lagging, showing a loss of 8.5% and 3.4%, respectively. Among the largest ETFs, one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is down 0.4% on the day, and up 0.51% year-to-date. Best Buy Inc, meanwhile, is down 22.62% year-to-date, and Fox Corp is up 9.32% year-to-date. Combined, BBY and FOX make up approximately 0.3% of the underlying holdings of IYC.
The next worst performing sector is the Technology & Communications sector, showing a 0.7% loss. Among large Technology & Communications stocks, HP Inc (Symbol: HPQ) and Arista Networks Inc (Symbol: ANET) are the most notable, showing a loss of 7.9% and 6.0%, respectively. One ETF closely tracking Technology & Communications stocks is the Technology Select Sector SPDR ETF (XLK), which is down 0.1% in midday trading, and down 0.48% on a year-to-date basis. HP Inc, meanwhile, is down 22.33% year-to-date, and Arista Networks Inc, is down 21.08% year-to-date. Combined, HPQ and ANET make up approximately 1.2% of the underlying holdings of XLK.
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, six sectors are up on the day, while two sectors are down.
| Sector | % Change |
|---|---|
| Utilities | +0.7% |
| Consumer Products | +0.5% |
| Healthcare | +0.5% |
| Financial | +0.4% |
| Energy | +0.3% |
| Industrial | +0.2% |
| Materials | 0.0% |
| Services | -0.7% |
| Technology & Communications | -0.7% |
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Also see:
Office Supplies Dividend Stocks
DXLG Historical PE Ratio
Institutional Holders of XNAV
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
