The worst performing sector as of midday Tuesday is the Technology & Communications sector, showing a 1.8% loss. Within the sector, IPG Photonics Corp (Symbol: IPGP) and Activision Blizzard, Inc. (Symbol: ATVI) are two large stocks that are lagging, showing a loss of 6.8% and 6.5%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is down 1.7% on the day, and up 17.22% year-to-date. IPG Photonics Corp, meanwhile, is down 11.32% year-to-date, and Activision Blizzard, Inc., is down 8.76% year-to-date. IPGP makes up approximately 0.1% of the underlying holdings of XLK.
The next worst performing sector is the Energy sector, showing a 1.7% loss. Among large Energy stocks, Marathon Oil Corp. (Symbol: MRO) and Occidental Petroleum Corp (Symbol: OXY) are the most notable, showing a loss of 3.9% and 3.8%, respectively. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF (XLE), which is down 1.4% in midday trading, and up 32.07% on a year-to-date basis. Marathon Oil Corp., meanwhile, is up 71.44% year-to-date, and Occidental Petroleum Corp is up 50.84% year-to-date. Combined, MRO and OXY make up approximately 3.7% of the underlying holdings of XLE.
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 Tuesday. As you can see, two sectors are up on the day, while six sectors are down.
|Technology & Communications||-1.8%|
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.