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Tuesday Sector Laggards: Technology & Communications, Consumer Products

The worst performing sector as of midday Tuesday is the Technology & Communications sector, showing a 0.6% loss. Within that group, Advanced Micro Devices Inc (Symbol: AMD) and Micron Technology Inc. (Symbol: MU) are two of the day's laggards, showing a loss of 3.9% and 3.1%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is down 0.9% on the day, and up 4.80% year-to-date. Advanced Micro Devices Inc, meanwhile, is up 15.95% year-to-date, and Micron Technology Inc. is up 1.22% year-to-date. Combined, AMD and MU make up approximately 4.0% of the underlying holdings of XLK.

The next worst performing sector is the Consumer Products sector, higher by 0.1%. Among large Consumer Products stocks, Whirlpool Corp (Symbol: WHR) and Smith (A O) Corp (Symbol: AOS) are the most notable, showing a loss of 5.4% and 3.8%, respectively. One ETF closely tracking Consumer Products stocks is the iShares U.S. Consumer Goods ETF (IYK), which is up 0.5% in midday trading, and up 1.25% on a year-to-date basis. Whirlpool Corp, meanwhile, is down 8.45% year-to-date, and Smith (A O) Corp, is down 5.14% year-to-date.

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:

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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, eight sectors are up on the day, while one sector is down.

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

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Also see:
• Funds Holding LAWS
• FDS DMA
• Funds Holding FTWO

BNK Invest
BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally.
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