Wednesday Sector Laggards: Services, Consumer Products

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Shutterstock photo

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In afternoon trading on Wednesday, Services stocks are the worst performing sector, showing a 0.4% loss. Within the sector, Dollar Tree, Inc. (Symbol: DLTR) and AutoNation, Inc. (Symbol: AN) are two large stocks that are lagging, showing a loss of 3.5% and 2.6%, respectively. Among the largest ETFs , one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is down 0.6% on the day, and down 3.08% year-to-date. Dollar Tree, Inc., meanwhile, is up 2.50% year-to-date, and AutoNation, Inc., is down 14.23% year-to-date. Combined, DLTR and AN make up approximately 0.8% of the underlying holdings of IYC.

The next worst performing sector is the Consumer Products sector, showing a 0.3% loss. Among large Consumer Products stocks, Royal Caribbean Cruises Ltd. (Symbol: RCL) and Brown-Forman Corp. (Symbol: BF.B) are the most notable, showing a loss of 2.7% and 2.1%, respectively. One ETF closely tracking Consumer Products stocks is the iShares U.S. Consumer Goods ETF ( IYK ), which is down 0.1% in midday trading, and down 0.00% on a year-to-date basis. Royal Caribbean Cruises Ltd., meanwhile, is down 26.03% year-to-date, and Brown-Forman Corp., is down 3.71% year-to-date. BF.B makes up approximately 0.5% 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 Wednesday. As you can see, four sectors are up on the day, while four sectors are down.

Sector % Change
Energy +2.6%
Utilities +0.8%
Financial +0.3%
Materials +0.3%
Healthcare -0.0%
Technology & Communications -0.1%
Industrial -0.1%
Consumer Products -0.3%
Services -0.4%

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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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