In afternoon trading on Wednesday, Services stocks are the worst performing sector, showing a 0.8% loss. Within that group, Caesars Entertainment Inc (Symbol: CZR) and Penn National Gaming Inc (Symbol: PENN) are two large stocks that are lagging, showing a loss of 6.7% and 5.0%, respectively. Among the largest ETFs, one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is down 1.1% on the day, and down 20.74% year-to-date. Caesars Entertainment Inc, meanwhile, is down 32.49% year-to-date, and Penn National Gaming Inc, is down 29.38% year-to-date. Combined, CZR and PENN make up approximately 0.4% of the underlying holdings of IYC.
The next worst performing sector is the Consumer Products sector, showing a 0.5% loss. Among large Consumer Products stocks, Johnson Controls International plc (Symbol: JCI) and PVH Corp (Symbol: PVH) are the most notable, showing a loss of 13.0% and 5.0%, respectively. One ETF closely tracking Consumer Products stocks is the iShares U.S. Consumer Goods ETF (IYK), which is up 0.7% in midday trading, and up 2.88% on a year-to-date basis. Johnson Controls International plc, meanwhile, is down 33.36% year-to-date, and PVH Corp, is down 34.97% 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:
Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Wednesday. As you can see, five sectors are up on the day, while four sectors are down.
| Sector | % Change |
|---|---|
| Energy | +1.2% |
| Utilities | +1.1% |
| Healthcare | +0.3% |
| Materials | +0.2% |
| Industrial | +0.1% |
| Financial | -0.1% |
| Technology & Communications | -0.4% |
| Consumer Products | -0.5% |
| Services | -0.8% |
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
