Looking at the sectors faring worst as of midday Wednesday, shares of Materials companies are underperforming other sectors, showing a 0.5% loss. Within that group, Nucor Corp. (Symbol: NUE) and Steel Dynamics Inc. (Symbol: STLD) are two large stocks that are lagging, showing a loss of 5.6% and 2.1%, respectively. Among the high volume ETFs, one ETF closely following materials stocks is the Materials Select Sector SPDR ETF (Symbol: XLB), which is down 0.7% on the day, and up 5.44% year-to-date. Nucor Corp., meanwhile, is up 1.81% year-to-date, and Steel Dynamics Inc. is up 15.69% year-to-date. Combined, NUE and STLD make up approximately 5.6% of the underlying holdings of XLB.
The next worst performing sector is the Services sector, showing a 0.3% loss. Among large Services stocks, Ross Stores Inc (Symbol: ROST) and Best Buy Inc (Symbol: BBY) are the most notable, showing a loss of 2.6% and 2.4%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF (IYC), which is down 0.3% in midday trading, and up 1.92% on a year-to-date basis. Ross Stores Inc, meanwhile, is down 9.31% year-to-date, and Best Buy Inc, is down 13.68% year-to-date. Combined, ROST and BBY make up approximately 1.0% of the underlying holdings of IYC.
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, four sectors are up on the day, while five sectors are down.
| Sector | % Change |
|---|---|
| Energy | +0.7% |
| Utilities | +0.2% |
| Financial | +0.2% |
| Healthcare | +0.1% |
| Consumer Products | -0.1% |
| Technology & Communications | -0.2% |
| Services | -0.3% |
| Industrial | -0.3% |
| Materials | -0.5% |
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Also see:
Warren Buffett Dividend Stock Portfolio
HPQ Historical PE Ratio
Institutional Holders of JFBR
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
