KKR

Wednesday Sector Laggards: Financial, Technology & Communications

In afternoon trading on Wednesday, Financial stocks are the worst performing sector, showing a 0.5% loss. Within that group, KKR & CO Inc (Symbol: KKR) and Apollo Global Management Inc (new (Symbol: APO) are two large stocks that are lagging, showing a loss of 5.5% and 4.0%, respectively. Among financial ETFs, one ETF following the sector is the Financial Select Sector SPDR ETF (Symbol: XLF), which is down 0.4% on the day, and up 11.93% year-to-date. KKR & CO Inc, meanwhile, is down 5.53% year-to-date, and Apollo Global Management Inc (new, is down 14.87% year-to-date. Combined, KKR and APO make up approximately 2.1% of the underlying holdings of XLF.

The next worst performing sector is the Technology & Communications sector, showing a 0.5% loss. Among large Technology & Communications stocks, Synopsys Inc (Symbol: SNPS) and Micron Technology Inc. (Symbol: MU) are the most notable, showing a loss of 4.4% and 3.8%, respectively. One ETF closely tracking Technology & Communications stocks is the Technology Select Sector SPDR ETF (XLK), which is down 0.8% in midday trading, and up 20.05% on a year-to-date basis. Synopsys Inc, meanwhile, is down 3.45% year-to-date, and Micron Technology Inc. is up 90.41% year-to-date. Combined, SNPS and MU make up approximately 2.5% of the underlying holdings of XLK.

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:

Yield Charts

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, three sectors are up on the day, while six sectors are down.

Sector% Change
Energy+2.2%
Utilities+0.4%
Consumer Products+0.3%
Services-0.3%
Healthcare-0.3%
Industrial-0.4%
Financial-0.5%
Technology & Communications-0.5%
Materials-0.5%

25 Dividend Giants Widely Held By ETFs »

Also see:

• Live Cash Dividend Declarations Feed
• BONO Historical Stock Prices
• MELR Options Chain

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Info icon

This data feed is not available at this time.

Data is currently not available

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.