Tuesday Sector Laggards: Materials, Consumer Products

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Shutterstock photo

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Looking at the sectors faring worst as of midday Tuesday, shares of Materials companies are underperforming other sectors, showing a 0.6% loss. Within that group, Mosaic Co (Symbol: MOS) and Freeport-McMoran Copper & Gold (Symbol: FCX) are two of the day's laggards, showing a loss of 3.7% and 2.4%, respectively. Among the high volume ETFs , one ETF closely following materials stocks is the Materials Select Sector SPDR ETF (Symbol: XLB), which is down 0.4% on the day, and up 18.30% year-to-date. Mosaic Co , meanwhile, is down 26.12% year-to-date, and Freeport-McMoran Copper & Gold is up 13.00% year-to-date. Combined, MOS and FCX make up approximately 4.4% of the underlying holdings of XLB.

The next worst performing sector is the Consumer Products sector, showing a 0.4% loss. Among large Consumer Products stocks, Coty, Inc. (Symbol: COTY) and J.M. Smucker Co. (Symbol: SJM) are the most notable, showing a loss of 4.8% and 1.7%, respectively. One ETF closely tracking Consumer Products stocks is the iShares U.S. Consumer Goods ETF ( IYK ), which is down 0.4% in midday trading, and up 12.09% on a year-to-date basis. Coty, Inc., meanwhile, is down 10.40% year-to-date, and J.M. Smucker Co., is down 16.87% year-to-date. Combined, COTY and SJM make up approximately 0.9% 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 Tuesday. As you can see, three sectors are up on the day, while six sectors are down.

Sector % Change
Healthcare +0.5%
Utilities +0.2%
Services +0.1%
Financial -0.3%
Industrial -0.3%
Energy -0.3%
Consumer Products -0.4%
Technology & Communications -0.4%
Materials -0.6%

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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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