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Thursday Sector Laggards: Technology & Communications, Industrial

Shutterstock photo
Shutterstock photo

Shutterstock photo

In afternoon trading on Thursday, Technology & Communications stocks are the worst performing sector, showing a 1.3% loss. Within the sector, Advanced Micro Devices, Inc. (Symbol: AMD) and KLA-Tencor Corp. (Symbol: KLAC) are two large stocks that are lagging, showing a loss of 5.0% and 4.2%, respectively. Among technology ETFs , one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is down 1.1% on the day, and up 32.28% year-to-date. Advanced Micro Devices, Inc., meanwhile, is down 1.89% year-to-date, and KLA-Tencor Corp. is up 32.46% year-to-date. Combined, AMD and KLAC make up approximately 0.4% of the underlying holdings of XLK.

The next worst performing sector is the Industrial sector, showing a 1.1% loss. Among large Industrial stocks, TransDigm Group Inc (Symbol: TDG) and Stericycle Inc. (Symbol: SRCL) are the most notable, showing a loss of 7.3% and 4.5%, respectively. One ETF closely tracking Industrial stocks is the Industrial Select Sector SPDR ETF ( XLI ), which is down 1.3% in midday trading, and up 15.53% on a year-to-date basis. TransDigm Group Inc, meanwhile, is up 14.94% year-to-date, and Stericycle Inc., is down 16.80% year-to-date. Combined, TDG and SRCL make up approximately 0.8% of the underlying holdings of XLI.

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, three sectors are up on the day, while five sectors are down.

Sector % Change
Services +1.2%
Energy +0.2%
Consumer Products +0.1%
Healthcare 0.0%
Utilities -0.1%
Financial -0.1%
Materials -1.0%
Industrial -1.1%
Technology & Communications -1.3%

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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.

In This Story

XLI TDG XLK AMD KLAC

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