Tuesday Sector Laggards: Technology & Communications, ServicesBy Market News Video Staff, Tuesday, May 4, 2:41 PM ETThe worst performing sector as of midday Tuesday is the Technology & Communications sector, showing a 2.0% loss. Within that group, IPG Photonics Corp (NASDAQ:IPGP) and Enphase Energy Inc. (NASDAQ:ENPH) are two large stocks that are lagging, showing a loss of 10.2% and 7.4%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (NYSE:XLK), which is down 2.3% on the day, and up 4.92% year-to-date. IPG Photonics Corp, meanwhile, is down 15.13% year-to-date, and Enphase Energy Inc., is down 28.03% year-to-date. Combined, IPGP and ENPH make up approximately 0.3% of the underlying holdings of XLK. The next worst performing sector is the Services sector, showing a 1.1% loss. Among large Services stocks, Carnival Corp (NYSE:CCL) and Kroger Co (NYSE:KR) are the most notable, showing a loss of 5.1% and 4.5%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF (IYC), which is down 1.5% in midday trading, and up 9.33% on a year-to-date basis. Carnival Corp, meanwhile, is up 22.41% year-to-date, and Kroger Co is up 13.02% year-to-date. Combined, CCL and KR make up approximately 1.1% 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 Tuesday. As you can see, two sectors are up on the day, while six sectors are down.
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