Tuesday Sector Laggards: Financial, Materials
The worst performing sector as of midday Tuesday is the Financial sector, showing a 1.7% loss. Within the sector, Wells Fargo & Co (Symbol: WFC) and State Street Corp. (Symbol: STT) are two large stocks that are lagging, showing a loss of 6.5% and 6.1%, respectively. Among financial ETFs, one ETF following the sector is the Financial Select Sector SPDR ETF (Symbol: XLF), which is down 1.4% on the day, and up 7.94% year-to-date. Wells Fargo & Co, meanwhile, is up 12.17% year-to-date, and State Street Corp. is up 7.55% year-to-date. Combined, WFC and STT make up approximately 3.9% of the underlying holdings of XLF.
The next worst performing sector is the Materials sector, showing a 1.7% loss. Among large Materials stocks, Newmont Corp (Symbol: NEM) and Freeport-McMoran Copper & Gold (Symbol: FCX) are the most notable, showing a loss of 6.8% and 3.6%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is down 1.8% in midday trading, and up 7.22% on a year-to-date basis. Newmont Corp, meanwhile, is up 53.63% year-to-date, and Freeport-McMoran Copper & Gold is up 16.16% year-to-date. Combined, NEM and FCX make up approximately 9.6% of the underlying holdings of XLB.
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, one sector is up on the day, while eight sectors are down.
| Sector | % Change |
|---|---|
| Technology & Communications | +0.3% |
| Utilities | -0.8% |
| Industrial | -0.8% |
| Consumer Products | -1.1% |
| Services | -1.2% |
| Healthcare | -1.4% |
| Energy | -1.6% |
| Financial | -1.7% |
| Materials | -1.7% |
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